Titan Mining (NYSEAMERICAN:TII) Trading Down 4.7% – Time to Sell?

Titan Mining Corporation (NYSEAMERICAN:TII)’s stock price was down 4.7% on Thursday . The company traded as low as $3.76 and last traded at $3.86. Approximately 258,624 shares were traded during trading, a decline of 45% from the average daily volume of 472,887 shares. The stock had previously closed at $4.05.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TII. HC Wainwright began coverage on Titan Mining in a research report on Friday, February 6th. They issued a “buy” rating and a $6.50 price target on the stock. Zacks Research raised shares of Titan Mining to a “hold” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

Titan Mining Price Performance

Institutional Trading of Titan Mining

Hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new stake in shares of Titan Mining during the fourth quarter worth $211,000. NewGen Asset Management Ltd acquired a new position in Titan Mining in the 4th quarter worth about $1,052,000. DLD Asset Management LP bought a new position in Titan Mining in the fourth quarter valued at about $296,000. Alyeska Investment Group L.P. bought a new position in Titan Mining in the fourth quarter valued at about $19,643,000. Finally, Jane Street Group LLC acquired a new stake in shares of Titan Mining during the fourth quarter valued at about $115,000.

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.