Talon Metals (TSE:TLO) Price Target Raised to C$0.50

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 - Get Free Report) had its price target lifted by research analysts at TD Securities from C$0.35 to C$0.50 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the mining company's stock. TD Securities' target price suggests a potential upside of 26.58% from the company's previous close.

Talon Metals Stock Down 2.5%

TSE:TLO traded down C$0.01 during midday trading on Monday, reaching C$0.40. The company had a trading volume of 838,605 shares, compared to its average volume of 1,513,634. The firm has a market capitalization of C$369.21 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The stock's fifty day simple moving average is C$0.28 and its 200-day simple moving average is C$0.17. Talon Metals has a 12-month low of C$0.08 and a 12-month 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.

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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