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Talon Metals
(TSX:TLO)
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Rating:56Neutral
Price Target:
C$10.50
▲(25.75% Upside)
Action:Reiterated
Date:09/12/26
The score is primarily held back by weak cash-flow generation (negative operating cash flow and deeply negative free cash flow) despite improved TTM profitability, while the strong, low-debt balance sheet provides a meaningful offset. Technically, the stock has strong trend momentum, but it appears overextended (high RSI/Stoch), and valuation is a notable headwind due to the extremely high P/E and no dividend yield.
Positive Factors
Low leverage
Very low leverage and substantial equity relative to assets give Talon financial resilience while it advances Tamarack. This conservative structure can reduce balance-sheet pressure and preserve flexibility for permitting, exploration, and future project financing.
Negative Factors
Negative cash generation
Negative operating cash flow and deeply negative free cash flow indicate that reported profitability is not yet translating into cash generation. Continued outflows could require additional funding and constrain Talon’s ability to advance development without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage and substantial equity relative to assets give Talon financial resilience while it advances Tamarack. This conservative structure can reduce balance-sheet pressure and preserve flexibility for permitting, exploration, and future project financing.
Read all positive factors
Talon Metals (TLO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.35B
Dividend YieldN/A
Average Volume (3M)623.70K
Price to Earnings (P/E)629.2
Beta (1Y)2.91
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees72
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.02
Shares Outstanding161,966,200
10 Day Avg. Volume732,896
30 Day Avg. Volume623,702
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$10.30Price Target Upside23.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.42
Revenue Forecast (FY)C$292.31M
Talon Metals Business Overview & Revenue Model
Company Description
Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties in the United States. The company holds 51% interests in the Tamarack nickel-copper-cobalt project located in Minnesota, the United States. It also hol...
How the Company Makes Money
Talon Metals does not have publicly disclosed, recurring operating revenue from mineral production; instead, it is primarily a pre-production exploration and development company, so information about consistent product sales is not available (null...
Talon Metals Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
82
Very Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 135.73M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 11.19M | -71.11K | -64.36K | -50.52K | -36.11K | -13.90K |
| EBITDA | 24.85M | -4.67M | -2.26M | -2.30M | -1.46M | -5.53M |
| Net Income | 3.66M | -5.05M | -2.32M | -2.35M | 3.19M | -4.83M |
Balance Sheet | ||||||
| Total Assets | 756.31M | 306.64M | 258.49M | 237.06M | 218.19M | 125.58M |
| Cash, Cash Equivalents and Short-Term Investments | 66.08M | 34.77M | 5.44M | 22.78M | 43.25M | 25.07M |
| Total Debt | 14.34M | 176.20K | 191.30K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 214.75M | 10.89M | 4.39M | 5.79M | 5.38M | 3.57M |
| Stockholders Equity | 541.55M | 295.76M | 254.10M | 231.27M | 212.82M | 122.02M |
Cash Flow | ||||||
| Free Cash Flow | -56.90M | -31.86M | -35.09M | -42.22M | -5.01M | -3.98M |
| Operating Cash Flow | -1.43M | -2.50M | -1.28M | -1.75K | -1.48M | -2.47M |
| Investing Cash Flow | -25.03M | -42.99M | -893.57K | -28.08M | -72.69M | -23.30M |
| Financing Cash Flow | 56.34M | 58.03M | 481.15K | 21.84M | 68.04M | 35.50M |
Talon Metals Technical Analysis
Positive
8.35
Price Trends
6.64
Positive
6.70
Positive
6.57
Positive
Market Momentum
0.64
Negative
79.63
Negative
94.87
Negative
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 8.35 is above the 20-day moving average (MA) of 7.96, above the 50-day MA of 6.64, and above the 200-day MA of 6.57, indicating a bullish trend. The MACD of 0.64 indicates Negative momentum. The RSI at 79.63 is Negative, neither overbought nor oversold. The STOCH value of 94.87 is Negative, 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% | |
56 Neutral | C$1.35B | 629.21 | 0.90% | ― | ― | ― | |
55 Neutral | C$914.61M | -9.06 | -54.38% | ― | 299.49% | -530.99% | |
51 Neutral | C$875.59M | -58.74 | -5.71% | ― | ― | 11.14% | |
49 Neutral | C$354.68M | -12.76 | -10.81% | ― | ― | -65.13% | |
44 Neutral | C$105.80M | -15.80 | -10.05% | ― | ― | -95.41% | |
43 Neutral | C$250.72M | -8.94 | 56.76% | ― | ― | -18.10% |
* Basic Materials Sector Average
TSE:TLO
Talon Metals
11.20
7.40
194.74%
TSE:FPX
FPX Nickel
0.34
0.07
24.07%
TSE:SFR
Sandfire Resources America
0.24
-0.06
-20.34%
TSE:CNC
Canada Nickel Company
1.42
0.55
63.22%
TSE:NICU
Magna Mining
2.77
>-0.01
-0.36%
TSE:ARA
Aclara Resources, Inc.
3.38
1.74
106.10%
Talon Metals Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Talon Metals Turns Profitable in Q2 2026 as Eagle Mine Integration Advances
Positive
Aug 13, 2026
Talon Metals reported its second consecutive quarter including results from the Eagle Mine and Humboldt Mill, posting Q2 2026 revenue of $51.5 million and net income of $3.2 million versus a loss a year earlier, supported by positive EBITDA and a ...
Business Operations and Strategy
Talon Metals Hits Record 46-Meter Sulphide Intercept at Tamarack Vault Zone
Positive
Aug 6, 2026
Talon Metals has reported a record 46.43-meter intercept of massive and mixed massive sulphide mineralization at its Tamarack Nickel-Copper-Cobalt Project in Minnesota, significantly surpassing its previous longest interval. The intercept, drilled...
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.