Talon Metals (TSE:TLO) Reaches New 1-Year High - Still a Buy?

Key Points

• Talon Metals Corp. reached a new 52-week high at C$0.33 during trading, with about 2.79 million shares changing hands.
• TD Securities downgraded their target price for Talon Metals from C$0.25 to C$0.20, while maintaining a buy rating for the stock.
• The company holds an 18.45% interest in the Tamarack nickel-copper-PGE project in Minnesota and a 100% interest in the Trairão iron project in Brazil.

Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$0.33 and last traded at C$0.33, with a volume of 2791251 shares. The stock had previously closed at C$0.30.

Analyst Ratings Changes

Separately, TD Securities lowered their price objective on shares of Talon Metals from C$0.25 to C$0.20 and set a "buy" rating on the stock in a research note on Monday, March 31st.

Talon Metals Stock Performance

The company has a market capitalization of C$294.44 million, a P/E ratio of -55.00 and a beta of 1.13. The stock has a fifty day simple moving average of C$0.24 and a 200-day simple moving average of C$0.14. The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08.

About Talon Metals

Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties in the United States. It owns an 18.45% interest is the Tamarack nickel-copper-PGE project located in Minnesota, the United States; and a 100% interest in the Trairão iron project located in Brazil. The company is headquartered in Road Town, the British Virgin Islands.