Talon Metals Corp. J (TSE:TLO)
TSX:TLO
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Talon Metals
(TSX:TLO)
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Rating:41Neutral
Price Target:
C$6.00
▼(-8.54% Downside)
Action:ReiteratedDate:03/29/26
The score is held down primarily by weak financial performance (pre-revenue operations, ongoing losses, and sustained cash burn) and weak technical momentum (below key short-term moving averages with a negative MACD). Valuation is also a major negative due to an extremely high P/E and no dividend yield support, while the low-leverage balance sheet provides only a partial offset.
Positive Factors
Strategic JV with Rio Tinto
A JV with a major producer like Rio Tinto materially reduces capital and execution risk over time. Partner funding and technical support increase the probability of advancing Tamarack through permitting, engineering and construction, lowering Talon’s standalone financing burden and execution risk.
Negative Factors
Pre-revenue status
Being pre-revenue means long-term value hinges on successful discovery-to-development execution. Without operating cash inflows, the company must fund development externally, making future returns contingent on permitting, construction and sustained commodity pricing.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic JV with Rio Tinto
A JV with a major producer like Rio Tinto materially reduces capital and execution risk over time. Partner funding and technical support increase the probability of advancing Tamarack through permitting, engineering and construction, lowering Talon’s standalone financing burden and execution risk.
Read all positive factors
Talon Metals (TLO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$980.64M
Dividend YieldN/A
Average Volume (3M)2.54M
Price to Earnings (P/E)―
Beta (1Y)2.19
Revenue GrowthN/A
EPS Growth-20.83%
CountryCA
Employees75
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding149,488,250
10 Day Avg. Volume4,398,825
30 Day Avg. Volume2,535,958
Financial Highlights & Ratios
PEG Ratio-1.35
Price to Book (P/B)2.13
Price to Sales (P/S)0.00
P/FCF Ratio-19.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$8.00Price Target Upside21.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.1
Revenue Forecast (FY)C$193.90M
Talon Metals Business Overview & Revenue Model
Company Description
Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties. The company owns a 17.56% interest is the Tamarack nickel-copper-cobalt project located in Minnesota, the United States. It has an option to acquire 8...
How the Company Makes Money
Talon Metals does not primarily operate producing mines; as a pre-production exploration and development company, it generally does not generate recurring revenue from selling metals. Instead, it finances operations and project advancement primari...
Talon Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -71.11K | -64.36K | -50.52K | -36.11K | -13.90K |
| EBITDA | -4.67M | -2.26M | -2.30M | -1.46M | -5.53M |
| Net Income | -5.05M | -2.32M | -2.35M | 3.19M | -4.83M |
Balance Sheet | |||||
| Total Assets | 306.64M | 258.49M | 237.06M | 218.19M | 125.58M |
| Cash, Cash Equivalents and Short-Term Investments | 34.77M | 5.44M | 22.78M | 43.25M | 25.07M |
| Total Debt | 176.20K | 191.30K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 10.89M | 4.39M | 5.79M | 5.38M | 3.57M |
| Stockholders Equity | 295.76M | 254.10M | 231.27M | 212.82M | 122.02M |
Cash Flow | |||||
| Free Cash Flow | -31.86M | -35.09M | -42.22M | -5.01M | -3.98M |
| Operating Cash Flow | -2.50M | -1.28M | -1.75K | -1.48M | -2.47M |
| Investing Cash Flow | -42.99M | -893.57K | -28.08M | -72.69M | -23.30M |
| Financing Cash Flow | 58.03M | 481.15K | 21.84M | 68.04M | 35.50M |
Talon Metals Technical Analysis
Positive
6.56
Price Trends
7.10
Negative
6.11
Positive
4.85
Positive
Market Momentum
-0.33
Positive
45.10
Neutral
59.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TLO, the sentiment is Positive. The current price of 6.56 is below the 20-day moving average (MA) of 7.17, below the 50-day MA of 7.10, and above the 200-day MA of 4.85, indicating a neutral trend. The MACD of -0.33 indicates Positive momentum. The RSI at 45.10 is Neutral, neither overbought nor oversold. The STOCH value of 59.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TLO.
Talon Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$539.75M | -13.15 | 5.41% | ― | ― | ― | |
48 Neutral | C$132.46M | -32.36 | -7.36% | ― | ― | -60.92% | |
48 Neutral | C$723.75M | -39.57 | -5.47% | ― | ― | 29.62% | |
45 Neutral | C$389.75M | -21.63 | -12.59% | ― | ― | -51.28% | |
41 Neutral | C$980.64M | -124.68 | -1.03% | ― | ― | -20.83% | |
40 Underperform | C$240.49M | -15.52 | ― | ― | ― | -42.50% |
* Basic Materials Sector Average
TSE:TLO
Talon Metals
6.56
5.66
628.89%
TSE:FPX
FPX Nickel
0.42
0.20
90.91%
TSE:SFR
Sandfire Resources America
0.24
-0.07
-21.67%
TSE:CNC
Canada Nickel Company
1.62
0.72
80.00%
TSE:NICU
Magna Mining
2.16
0.86
66.15%
TSE:ARA
Aclara Resources, Inc.
3.29
2.76
520.75%
Talon Metals Corporate Events
Business Operations and StrategyFinancial DisclosuresStock Split
Talon Metals Widens Annual Loss as Spending on Tamarack Nickel Project Rises
Negative
Mar 28, 2026
Talon Metals reported a net loss of $5.1 million, or $0.05 per share, for 2025, widening from a $2.3 million loss a year earlier, largely due to administration expenses and a loss on an advance settled with shares, with per-share figures adjusted ...
Business Operations and StrategyExecutive/Board Changes
Talon Metals Names Juan Andrés Morel Board Chair as U.S. Nickel Platform Expands
Positive
Mar 26, 2026
Talon Metals announced a leadership transition at its board, appointing mining veteran Juan Andrés Morel as chairman to succeed long-serving leader Henri van Rooyen. Morel, currently Executive Vice President and Chief Operating Officer at Lun...
Business Operations and Strategy
Talon Metals Extends High-Grade Vault Zone at Tamarack Project
Positive
Mar 11, 2026
Talon Metals has reported new high-grade assay results and successful step-out drilling at the Vault Zone of its Tamarack nickel-copper-cobalt project in Minnesota. Recent holes, including 25TK0563C and step-outs such as 25TK0563D and 25TK0569, co...
Business Operations and Strategy
Talon Metals Extends High-Grade Massive Sulphide Zone at Tamarack Project
Positive
Feb 4, 2026
Talon Metals has reported new high-grade assay results and successful step-out drilling from the Vault Zone at its Tamarack Nickel-Copper-Cobalt Project in Minnesota, highlighted by drill hole 25TK0563B, which intercepted 8.85 metres of massive su...
Business Operations and Strategy
Talon Metals Extends High-Grade Nickel-Copper Mineralization at Tamarack Vault Zone
Positive
Feb 4, 2026
Talon Metals reported further high-grade drilling success at the Vault Zone of its Tamarack Nickel-Copper Project in Minnesota, highlighted by step-out hole 25TK0563B, which intersected 8.85 meters of massive sulphide mineralization grading 9.60% ...
Business Operations and StrategyStock Split
Talon Metals Completes 10-for-1 Share Consolidation, Tightening Capital Structure
Positive
Jan 27, 2026
Talon Metals has completed a 10-for-1 share consolidation, reducing its issued and outstanding shares from about 1.49 billion to roughly 149 million, with the stock now trading on a post-consolidation basis on the TSX and OTC under its existing sy...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsStock Split
Talon Metals Closes Eagle Mine Deal, Reshapes Leadership and Consolidates Shares
Positive
Jan 9, 2026
Talon Metals has completed its acquisition of Lundin Mining’s producing Eagle Mine and associated Humboldt Mill in Michigan, issuing 275.2 million common shares to Lundin and granting a capped royalty on third-party ore processed at the mill...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.