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

Talon Metals (TSE:TLO) had its target price reduced by TD Securities from C$0.55 to C$0.30 in a report published on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the mining company’s stock.

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

Talon Metals Price Performance

Shares of TLO opened at C$0.09 on Monday. Talon Metals has a 1 year low of C$0.08 and a 1 year high of C$0.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. The company has a market capitalization of C$79.45 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. The business has a 50-day moving average of C$0.09 and a 200-day moving average of C$0.12.

Insiders Place Their Bets

In other Talon Metals news, insider Resource Capital Fund VI L.P. sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of C$0.09, for a total value of C$45,000.00. Over the last three months, insiders sold 1,333,000 shares of company stock worth $118,220. 18.55% of the stock is owned by corporate 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.