TD Securities Has Lowered Expectations for Talon Metals (TSE:TLO) Stock Price

Talon Metals (TSE:TLO - Get Free Report) had its target price dropped by equities researchers at TD Securities from C$0.25 to C$0.20 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the mining company's stock. TD Securities' price objective would indicate a potential upside of 110.53% from the stock's current price.

Separately, Stifel Nicolaus cut their price target on shares of Talon Metals from C$0.50 to C$0.45 and set a "buy" rating on the stock in a report on Thursday, January 30th.

Talon Metals Stock Performance

Shares of TSE TLO traded down C$0.01 during mid-day trading on Monday, hitting C$0.10. The stock had a trading volume of 505,554 shares, compared to its average volume of 474,768. The company has a 50 day moving average of C$0.09 and a two-hundred day moving average of C$0.09. Talon Metals has a twelve month low of C$0.08 and a twelve month high of C$0.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The firm has a market cap of C$88.80 million, a PE ratio of -55.00 and a beta of 1.13.

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.