Talon Metals (TSE:TLO) Sets New 12-Month High – Still a Buy?

Talon Metals Corp. (TSE:TLO)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$10.61 and last traded at C$10.06, with a volume of 1434739 shares trading hands. The stock had previously closed at C$8.34.

Analyst Ratings Changes

Separately, National Bank Financial set a C$8.00 target price on Talon Metals and gave the stock an “outperform” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$8.00.

Talon Metals Stock Down 7.1%

The company has a market capitalization of C$1.68 billion, a PE ratio of 2,976.53 and a beta of 2.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.62 and a current ratio of 2.81. The company’s 50-day moving average is C$6.77 and its 200 day moving average is C$6.92.

Talon Metals (TSE:TLO) last issued its earnings results on Thursday, August 13th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$73.20 million during the quarter. During the same period in the previous year, the business earned ($0.01) earnings per share. As a group, analysts anticipate that Talon Metals Corp. will post 0.01 EPS for the current year.

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.