Titan Mining’s (TII) Buy Rating Reaffirmed at HC Wainwright

Titan Mining (NYSEAMERICAN:TII)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $6.50 price target on the stock. HC Wainwright’s price objective indicates a potential upside of 187.61% from the stock’s previous close.

Titan Mining Trading Down 6.6%

Shares of Titan Mining stock opened at $2.26 on Wednesday. Titan Mining has a 52-week low of $0.75 and a 52-week high of $5.65. The business has a 50 day moving average price of $2.34. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.73.

Titan Mining (NYSEAMERICAN:TII) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $19.60 million during the quarter. Titan Mining had a negative net margin of 17.67% and a negative return on equity of 332.15%. On average, research analysts predict that Titan Mining will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Titan Mining

Several institutional investors have recently added to or reduced their stakes in TII. NewGen Asset Management Ltd acquired a new stake in Titan Mining during the fourth quarter worth approximately $1,052,000. Hillsdale Investment Management Inc. acquired a new position in shares of Titan Mining in the 4th quarter valued at $78,000. Thoroughbred Financial Services LLC purchased a new position in shares of Titan Mining in the 4th quarter valued at $35,000. AlphaCore Capital LLC purchased a new position in shares of Titan Mining in the 4th quarter valued at $99,000. Finally, Alyeska Investment Group L.P. acquired a new stake in Titan Mining during the 4th quarter worth $19,643,000.

About Titan Mining

Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. The company explores for zinc and graphite, as well as iron-oxide copper gold deposits. Its principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat– Edwards mining district in northern New York. The company was formerly known as Triton Mining Corporation and changed its name to Titan Mining Corporation in November 2016.