Stifel Nicolaus Has Lowered Expectations for Talon Metals (TSE:TLO) Stock Price

Talon Metals (TSE:TLO) had its target price lowered by research analysts at Stifel Nicolaus from C$0.50 to C$0.45 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 429.41% from the stock’s previous close.

A number of other equities analysts have also weighed in on TLO. TD Securities decreased their price objective on shares of Talon Metals from C$0.55 to C$0.30 and set a “buy” rating for the company in a report on Monday, November 18th. Canaccord Genuity Group upgraded shares of Talon Metals to a “moderate buy” rating in a report on Wednesday, October 16th.

Talon Metals Stock Up 6.3 %

Shares of TLO stock traded up C$0.01 during trading hours on Thursday, hitting C$0.09. 100,325 shares of the company’s stock traded hands, compared to its average volume of 402,055. The stock’s fifty day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.09. Talon Metals has a 12-month low of C$0.08 and a 12-month high of C$0.20. The stock has a market cap of C$79.45 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The company has a quick ratio of 5.62, a current ratio of 2.81 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.