Cobalt 27 Capital (KBLT) Price Target Increased to C$13.25 by Analysts at Scotiabank

Cobalt 27 Capital (CVE:KBLT) had its price target lifted by equities research analysts at Scotiabank from C$12.50 to C$13.25 in a report issued on Wednesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 21.23% from the company’s previous close.

Separately, TD Securities raised their price objective on Cobalt 27 Capital from C$13.00 to C$14.50 and gave the company a “buy” rating in a research report on Wednesday.

Shares of Cobalt 27 Capital (KBLT) traded up C$0.03 during mid-day trading on Wednesday, reaching C$10.93. The company had a trading volume of 425,185 shares, compared to its average volume of 53,544. Cobalt 27 Capital has a 12 month low of C$0.06 and a 12 month high of C$13.75.

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Cobalt 27 Capital Company Profile

Cobalt 27 Capital Corp. operates as a mineral resource company. The company has royalty interests in seven exploration-stage properties containing cobalt in Canada and Vietnam. The company was formerly known as Arak Resources Ltd. and changed its name to Cobalt 27 Capital Corp. in April 2017. Cobalt 27 Capital Corp.

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