FY2024 EPS Forecast for Talon Metals Decreased by Analyst

Talon Metals Corp. (TSE:TLO) – Stock analysts at Stifel Canada decreased their FY2024 earnings estimates for Talon Metals in a research report issued to clients and investors on Sunday, December 15th. Stifel Canada analyst M. Tapscott now anticipates that the mining company will earn $0.00 per share for the year, down from their prior estimate of $0.01. The consensus estimate for Talon Metals’ current full-year earnings is $0.01 per share. Stifel Canada also issued estimates for Talon Metals’ FY2026 earnings at $0.00 EPS and FY2027 earnings at $0.00 EPS.

TLO has been the topic of several other reports. Canaccord Genuity Group raised shares of Talon Metals to a “moderate buy” rating in a research note on Wednesday, October 16th. TD Securities decreased their price target on Talon Metals from C$0.55 to C$0.30 and set a “buy” rating on the stock in a research report on Monday, November 18th.

Talon Metals Stock Performance

TLO stock opened at C$0.09 on Wednesday. Talon Metals has a 1-year low of C$0.08 and a 1-year high of C$0.21. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is C$0.09 and its 200-day moving average is C$0.11. The firm has a market cap of C$84.12 million, a P/E 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.