TD Securities Lowers Talon Metals (TSE:TLO) Price Target to C$0.30

Talon Metals (TSE:TLO) had its price target lowered by equities researchers at TD Securities from C$0.55 to C$0.30 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. TD Securities’ price objective would indicate a potential upside of 233.33% from the company’s previous close.

Separately, Canaccord Genuity Group upgraded shares of Talon Metals to a “moderate buy” rating in a research report on Wednesday, October 16th.

Talon Metals Price Performance

Shares of Talon Metals stock traded up C$0.01 on Monday, hitting C$0.09. 1,041,145 shares of the company traded hands, compared to its average volume of 493,594. The stock has a market capitalization of C$84.12 million, a P/E ratio of -55.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. Talon Metals has a 52 week low of C$0.08 and a 52 week high of C$0.23. The business has a 50-day simple moving average of C$0.09 and a 200 day simple moving average of C$0.12.

Insider Activity

In related news, insider Resource Capital Fund VI L.P. sold 500,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of C$0.09, for a total value of C$45,000.00. Insiders have sold a total of 1,333,000 shares of company stock worth $118,220 over the last quarter. Insiders own 18.55% of the company’s stock.

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.