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

Talon Metals Corp. (TSE:TLO)’s share price hit 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. The stock had previously closed at C$8.34.

Wall Street Analysts Forecast Growth

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

Talon Metals Stock Up 25.7%

The stock has a 50-day moving average of C$6.56 and a 200-day moving average of C$6.87. 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 firm has a market cap of C$1.70 billion, a price-to-earnings ratio of 2,999.43 and a beta of 2.60.

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