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Cobalt 27 Capital Corp (KBLT) Receives a Buy from TD Securities


Wall Street analyst has provided a review for the NA company today, but retained the same rating on the stock. Analyst Craig Hutchison from TD Securities rated Cobalt 27 Capital Corp (TSXV: KBLT) a Buy, setting a C$13 price target.

According to TipRanks.com, Hutchison is ranked #641 out of 4872 analysts.

Currently, the analyst consensus on Cobalt 27 Capital Corp is a Strong Buy with an average price target of C$13.83.

Based on Cobalt 27 Capital Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$11.77 million. In comparison, last year the company had a GAAP net loss of C$7.17 million.

Cobalt 27 Capital Corp. is a junior mineral exploration and production company. It engages in the acquisition, exploration and development of mineral properties in Canada. The company focuses on the acquisition and development of base and precious metal properties on a worldwide basis.

The company’s shares closed on Thursday at C$5.89, close to its 52-week low of C$4.86.