Cobalt 27 Capital (CVE:KBLT) had its target price raised by National Bank Financial from C$5.75 to C$5.92 in a report published on Wednesday morning, BayStreet.CA reports. National Bank Financial currently has a tender rating on the stock.
A number of other brokerages also recently weighed in on KBLT. Cormark downgraded Cobalt 27 Capital from an outperform rating to a tender rating and decreased their price target for the stock from C$10.00 to C$5.75 in a report on Wednesday, June 19th. Royal Bank of Canada increased their price objective on shares of Cobalt 27 Capital from C$4.50 to C$5.00 and gave the stock a sector perform rating in a research report on Wednesday. TD Securities cut shares of Cobalt 27 Capital from a buy rating to a tender rating and cut their price objective for the stock from C$8.50 to C$5.50 in a research report on Thursday, June 20th. Eight Capital cut their price objective on shares of Cobalt 27 Capital from C$8.00 to C$7.50 in a research report on Wednesday, September 11th. Finally, BMO Capital Markets cut their price objective on shares of Cobalt 27 Capital from C$10.50 to C$5.75 and set an outperform rating on the stock in a research report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of C$5.90.
Cobalt 27 Capital stock traded up C$0.01 during trading hours on Wednesday, reaching C$4.23. 203,265 shares of the company’s stock were exchanged, compared to its average volume of 299,336. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 42.12. The firm’s 50 day simple moving average is C$3.98 and its 200 day simple moving average is C$4.08. Cobalt 27 Capital has a twelve month low of C$3.27 and a twelve month high of C$6.90. The firm has a market capitalization of $358.80 million and a PE ratio of -1.53.
Cobalt 27 Capital Corp. operates as a minerals company. It holds physical cobalt material; owns a cobalt stream on Vale's worldclass Voisey's Bay mine; and manages a portfolio of nine royalties, as well as intends to invest in a cobalt-focused portfolio of streams, royalties, and direct interests in mineral properties containing cobalt.
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