Cobalt 27 Capital (CVE:KBLT) received a C$16.00 target price from equities researchers at BMO Capital Markets in a research note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 35.59% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Scotiabank boosted their target price on Cobalt 27 Capital from C$12.50 to C$13.25 and gave the stock an “outperform” rating in a report on Wednesday, December 20th. TD Securities boosted their target price on Cobalt 27 Capital from C$13.00 to C$14.50 and gave the stock a “buy” rating in a report on Wednesday, December 20th.

Shares of Cobalt 27 Capital (CVE KBLT) opened at C$11.80 on Tuesday. Cobalt 27 Capital has a fifty-two week low of C$0.06 and a fifty-two week high of C$13.75. The stock has a market capitalization of $420.07, a PE ratio of -7.07 and a beta of -1.74.

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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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