In a latest note to investors, a research analyst has provided a rating update for the Cobalt 27 Capital Corp (KBLT). The company received a Buy on May 17 from Scotiabank’s analyst Michael Doumet, with a C$9 price target.
According to TipRanks.com, Doumet is ranked #2241 out of 5185 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cobalt 27 Capital Corp with a C$9.75 average price target.
Cobalt 27 Capital Corp’s market cap is currently C$369M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.49.
Cobalt 27 Capital Corp. is a junior mineral exploration and production company. It engages in the acquisition and development of mineral properties in Canada. It operates through the following business segments: Cobalt Investments, Streaming and Royalties, and Corporate. Cobalt 27 Capital was founded on May 9, 2006 and is headquartered in Toronto, Canada.
The company’s shares closed on Tuesday at C$4.35, close to its 52-week low of C$3.27.
