Eight Capital Lowers Cobalt 27 Capital (KBLT) Price Target to C$15.00
Cobalt 27 Capital (CVE:KBLT) had its price objective reduced by stock analysts at Eight Capital from C$17.50 to C$15.00 in a note issued to investors on Monday. Eight Capital’s price objective suggests a potential upside of 154.67% from the company’s previous close.
A number of other research analysts also recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of Cobalt 27 Capital from C$16.00 to C$15.00 in a research note on Thursday, September 20th. TD Securities decreased their price target on shares of Cobalt 27 Capital from C$18.00 to C$13.00 and set a “buy” rating for the company in a research note on Thursday, September 13th. Finally, Canaccord Genuity decreased their price target on shares of Cobalt 27 Capital from C$22.50 to C$15.50 in a research note on Thursday, September 6th.
Shares of Cobalt 27 Capital stock opened at C$5.89 on Monday. Cobalt 27 Capital has a 52-week low of C$4.76 and a 52-week high of C$14.00.
About Cobalt 27 Capital
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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