TD Securities Forecasts Strong Price Appreciation for Talon Metals (TSE:TLO) Stock

Key Points

• Talon Metals had its price target raised from C$0.35 to C$0.50 by TD Securities, signaling a potential upside of 26.58% from its previous close.
• The stock is currently down 2.5%, trading at C$0.40, despite having a market capitalization of C$369.21 million.
• Talon Metals explores and develops mineral properties in the U.S. and Brazil, holding an 18.45% interest in the Tamarack nickel-copper-PGE project in Minnesota.

Talon Metals (TSE:TLO - Free Report) had its price target upped by TD Securities from C$0.35 to C$0.50 in a research note published on Monday morning,BayStreet.CA reports. They currently have a buy rating on the mining company's stock.

Talon Metals Price Performance

TLO stock traded up C$0.02 on Monday, hitting C$0.42. 2,428,523 shares of the company's stock traded hands, compared to its average volume of 1,526,052. The stock has a market cap of C$392.58 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. Talon Metals has a 1-year low of C$0.08 and a 1-year high of C$0.43. 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 stock has a fifty day moving average of C$0.30 and a 200-day moving average of C$0.18.

Talon Metals Company Profile

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.