Stifel Nicolaus Issues Pessimistic Forecast for Talon Metals (TSE:TLO) Stock Price

Talon Metals (TSE:TLO) had its price target decreased by Stifel Nicolaus from C$0.50 to C$0.45 in a report released on Thursday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the mining company’s stock.

A number of other analysts have also recently issued reports on TLO. TD Securities dropped their price objective on Talon Metals from C$0.55 to C$0.30 and set a “buy” rating on the stock in a report on Monday, November 18th. Canaccord Genuity Group raised shares of Talon Metals to a “moderate buy” rating in a report on Wednesday, October 16th.

Talon Metals Trading Down 5.9 %

TSE:TLO opened at C$0.08 on Thursday. Talon Metals has a 1 year low of C$0.08 and a 1 year high of C$0.20. The stock’s fifty day moving average price is C$0.09 and its two-hundred day moving average price is C$0.09. 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 cap of C$74.78 million, a P/E ratio of -55.00 and a beta of 1.13.

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.