Titan Mining (TSE:TI) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday. They presently have a C$1.30 target price on the stock, down from their previous target price of C$1.50. National Bank Financial’s target price suggests a potential upside of 27.45% from the company’s previous close.
Shares of TSE:TI traded down C$0.03 on Monday, hitting C$1.02. The company had a trading volume of 2,000 shares, compared to its average volume of 24,644. Titan Mining has a 1-year low of C$0.87 and a 1-year high of C$1.65. The company has a current ratio of 0.37, a quick ratio of 0.13 and a debt-to-equity ratio of 15.41.
Titan Mining (TSE:TI) last released its quarterly earnings data on Wednesday, November 14th. The company reported C($0.08) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.08). The company had revenue of C($0.39) million during the quarter, compared to analyst estimates of C$20.96 million. On average, sell-side analysts forecast that Titan Mining will post 0.08 EPS for the current fiscal year.
About Titan Mining
Titan Mining Corporation, a natural resources company, engages in the acquisition, exploration, and development of mineral properties. The company explores for zinc ores and base metals. Its principal asset is the Empire State Mine project that is located in Northern New York State, the United States.
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