Cobalt 27 Capital (KBLT) Price Target Cut to C$13.00 by Analysts at TD Securities

Cobalt 27 Capital (CVE:KBLT) had its target price lowered by TD Securities from C$18.00 to C$13.00 in a report released on Thursday. The firm currently has a buy rating on the stock.

Several other research firms have also recently issued reports on KBLT. National Bank Financial set a C$15.00 price objective on Cobalt 27 Capital and gave the stock an outperform rating in a research report on Friday, June 29th. Numis Securities increased their price objective on Cobalt 27 Capital from C$16.00 to C$19.00 in a research report on Thursday, May 24th. Canaccord Genuity increased their price objective on Cobalt 27 Capital from C$16.50 to C$18.00 in a research report on Thursday, May 24th. BMO Capital Markets increased their price objective on Cobalt 27 Capital from C$17.50 to C$18.50 in a research report on Thursday, May 24th. Finally, Scotiabank increased their price objective on Cobalt 27 Capital from C$15.25 to C$17.50 and gave the stock an outperform rating in a research report on Thursday, May 24th.

CVE:KBLT opened at C$6.05 on Thursday. Cobalt 27 Capital has a 1 year low of C$4.86 and a 1 year high of C$14.00.

In other Cobalt 27 Capital news, insider Martin Vydra acquired 10,000 shares of the business’s stock in a transaction on Friday, July 20th. The stock was purchased at an average price of C$7.61 per share, for a total transaction of C$76,100.00. Insiders acquired 42,700 shares of company stock valued at $286,512 in the last quarter.

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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