Talon Metals (TSE:TLO) Reaches New 52-Week High – Still a Buy?

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

Analyst Upgrades and Downgrades

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

Talon Metals Price Performance

The company has a 50 day moving average of C$6.56 and a 200-day moving average of C$6.87. The firm has a market capitalization of C$1.70 billion, a P/E ratio of 2,999.43 and a beta of 2.60. The company has a current ratio of 2.81, a quick ratio of 5.62 and a debt-to-equity ratio of 0.08.

Talon Metals (TSE:TLO) last posted its quarterly earnings data on Thursday, August 13th. The mining company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$73.20 million for the quarter. During the same quarter last year, the firm earned ($0.01) EPS. On average, sell-side analysts predict that Talon Metals Corp. will post 0.01 EPS for the current year.

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.