Talon Metals (TSE:TLO) Reaches New 52-Week High - Time to Buy?

Key Points

• Talon Metals Corp. (TSE:TLO) reached a new 52-week high of C$0.47 during trading, increasing from a previous close of C$0.45, with a trading volume of over 1.7 million shares.
• TD Securities upgraded Talon Metals' price target from C$0.35 to C$0.50, maintaining a "buy" rating, with the average price target now at C$0.48.
• The company, involved in mineral exploration, has a market cap of C$539.40 million and significant interests in nickel-copper and iron projects in the United States and Brazil.

Shares of Talon Metals Corp. (TSE:TLO - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.47 and last traded at C$0.46, with a volume of 1714721 shares trading hands. The stock had previously closed at C$0.45.

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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$0.48.

Talon Metals Price Performance

The company has a market capitalization of C$539.40 million, a P/E ratio of -55.00 and a beta of 0.58. The company's 50-day moving average price is C$0.39 and its two-hundred day moving average price is C$0.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62.

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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