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

Talon Metals (TSE:TLO) had its price objective cut by investment analysts at Stifel Nicolaus from C$0.50 to C$0.45 in a 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 would indicate a potential upside of 429.41% from the company’s previous close.

Several other brokerages have also recently commented on TLO. TD Securities decreased their price target on shares of Talon Metals from C$0.55 to C$0.30 and set a “buy” rating on the stock in a research note on Monday, November 18th. 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

Talon Metals stock traded up C$0.01 during mid-day trading on Thursday, hitting C$0.09. The stock had a trading volume of 100,325 shares, compared to its average volume of 402,055. The firm has a market capitalization of C$79.45 million, a P/E ratio of -55.00 and a beta of 1.13. 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’s 50 day moving average is C$0.09 and its 200 day moving average is C$0.09. Talon Metals has a one year low of C$0.08 and a one year high of C$0.20.

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.