Canaccord Genuity Keeps a Buy Rating on Titan Mining Corporation (TI)

By Jason Carr

A Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Canaccord Genuity’s analyst Dalton Baretto reiterates their Buy rating on the shares of Titan Mining Corporation (TIResearch Report), with a C$1.25 price target.

According to TipRanks.com, Baretto is a 4-star analyst with an average return of 8.2% and a 53.2% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Teck Resources Limited, and Fortuna Silver Mines.

Currently, the analyst consensus on Titan Mining Corporation is a Moderate Buy with an average price target of C$1.13.

Based on Titan Mining Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$7.81 million. In comparison, last year the company had a GAAP net loss of C$3.21 million.

Titan Mining Corp. is a zinc exploration and development company. Its principal business activities include the acquisition, exploration and development of mineral properties. It holds interest in Empire State Mine project. The company was founded on October 15, 2012 and is headquartered in Vancouver, Canada.

The company’s shares closed on Monday at C$0.78, close to its 52-week low of C$0.68.