HC Wainwright Reaffirms Buy Rating for Titan Mining (NYSEAMERICAN:TII)

Titan Mining (NYSEAMERICAN:TII)‘s stock had its “buy” rating restated by HC Wainwright in a research report issued on Wednesday,Benzinga reports. They presently have a $6.50 price target on the stock. HC Wainwright’s target price indicates a potential upside of 187.61% from the stock’s current price.

Titan Mining Stock Performance

NYSEAMERICAN:TII 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 stock’s 50 day moving average price is $2.34. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.73.

Titan Mining (NYSEAMERICAN:TII) last posted 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%. As a group, equities research analysts predict that Titan Mining will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Thoroughbred Financial Services LLC acquired a new stake in shares of Titan Mining during the fourth quarter worth about $35,000. World Investment Advisors acquired a new position in Titan Mining in the 1st quarter valued at about $36,000. HighTower Advisors LLC acquired a new position in Titan Mining in the 4th quarter valued at about $51,000. Commonwealth Equity Services LLC purchased a new stake in Titan Mining during the 4th quarter valued at approximately $56,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Titan Mining during the 4th quarter worth approximately $78,000.

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.