Talon Metals (TSE:TLO) Hits New 12-Month High - Still a Buy?

Key Points

• Talon Metals Corp.'s share price reached a new 12-month high of C$0.52, trading with a volume of over 1.4 million shares.
• TD Securities upgraded the company's price target from C$0.35 to C$0.50 and maintained a "buy" rating, contributing to a current consensus rating of "Buy" among analysts.
• The company, which has a market cap of C$587.40 million, owns significant interests in mineral projects in both the U.S. and Brazil.

Talon Metals Corp. (TSE:TLO - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as C$0.52 and last traded at C$0.50, with a volume of 1440316 shares trading hands. The stock had previously closed at C$0.50.

Analyst Upgrades and Downgrades

Separately, TD Securities increased their price target on shares of Talon Metals from C$0.35 to C$0.50 and gave the company a "buy" rating in a research note on Monday, August 18th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Talon Metals currently has a consensus rating of "Buy" and a consensus target price of C$0.48.

Talon Metals Trading Up 4.0%

The business's 50 day moving average price is C$0.40 and its 200-day moving average price is C$0.26. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08. The company has a market cap of C$587.40 million, a price-to-earnings ratio of -55.00 and a beta of 0.58.

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.

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