H.C. Wainwright analyst Heiko Ihle lowered the firm’s price target on Titan Mining (TII) to $6.50 from $6.75 and keeps a Buy rating on the shares. While financial results are largely irrelevant given Titan ‘s transitional nature, the firm nonetheless notes that the company recorded $19.6M in revenue during the quarter. This yielded a net loss of $13.4M, or (14c) per share. Going forward, Wainwright expects Titan’s investments to start bearing fruit for shareholders.
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