Talon Metals FY2024 EPS Estimate Lowered by Stifel Canada

Talon Metals Corp. (TSE:TLO) – Equities research analysts at Stifel Canada decreased their FY2024 EPS estimates for shares of Talon Metals in a research note issued on Sunday, December 15th. Stifel Canada analyst M. Tapscott now forecasts that the mining company will post earnings per share of $0.00 for the year, down from their prior forecast of $0.01. The consensus estimate for Talon Metals’ current full-year earnings is $0.01 per share. Stifel Canada also issued estimates for Talon Metals’ FY2026 earnings at $0.00 EPS and FY2027 earnings at $0.00 EPS.

Several other equities analysts also recently issued reports on TLO. TD Securities reduced their price objective on Talon Metals from C$0.55 to C$0.30 and set a “buy” rating for the company in a research report on Monday, November 18th. Canaccord Genuity Group upgraded Talon Metals to a “moderate buy” rating in a research report on Wednesday, October 16th.

Talon Metals Price Performance

TSE TLO opened at C$0.09 on Wednesday. The company has a 50-day moving average price of C$0.09 and a two-hundred day moving average price of C$0.11. Talon Metals has a 52 week low of C$0.08 and a 52 week high of C$0.21. The stock has a market cap of C$84.12 million, a price-to-earnings ratio of -55.00 and a beta of 1.13. 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 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.