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

Talon Metals (TSE:TLO) had its price objective lowered by research analysts 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.

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

Talon Metals Stock Performance

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 firm has a market cap of C$79.45 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The stock has a 50-day simple moving average of C$0.09 and a 200-day simple moving average of C$0.12. Talon Metals has a 52 week low of C$0.08 and a 52 week high of C$0.23.

Insider Transactions at Talon Metals

In related news, insider Resource Capital Fund VI L.P. sold 483,000 shares of Talon Metals stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$0.09, for a total transaction of C$43,470.00. Insiders have sold a total of 1,333,000 shares of company stock worth $118,220 in the last three months. 18.55% of the stock is currently owned by company insiders.

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.