Titan Mining Corporation (TI) Receives a Hold from Scotiabank

By Austin Angelo

Yesterday, an analyst has provided a rating update for Titan Mining Corporation (TIResearch Report). Analyst Orest Wowkodaw from Scotiabank remains neutral on the stock and has a C$0.40 price target.

According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 14.4% and a 47.3% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, First Quantum Minerals Ltd, and Teck Resources Limited.

Titan Mining Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$0.83.

Based on Titan Mining Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$6.43 million. In comparison, last year the company had a GAAP net loss of C$2 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 Wednesday at C$0.55, close to its 52-week low of C$0.44.