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TD Securities Thinks eCobalt Solutions’ Stock is Going to Recover


In a new note to investors today, an analyst has provided a rating update for the Materials sector company, eCobalt Solutions (TSX: ECS). Analyst Craig Hutchison from TD Securities rated eCobalt Solutions (TSX: ECS) a Buy, setting a C$1.35 price target.

According to TipRanks.com, Hutchison is ranked #647 out of 4875 analysts.

eCobalt Solutions has an analyst consensus of Moderate Buy, with a price target consensus of C$1.13, representing a 46.8% upside. In a report issued on September 5, Canaccord Genuity also reiterated a Buy rating on the stock with a C$0.90 price target.

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The company has a one-year high of C$2.10 and a one-year low of C$0.54. Currently, eCobalt Solutions has an average volume of 403.6K.

eCobalt Solutions, Inc. is a mineral exploration and mine development company. It engages in the business of exploring mineral properties in Canada, the United States and Mexico. The firm holds interest in Idaho Cobalt project.

The company’s shares closed on Friday at C$0.77, close to its 52-week low of C$0.54.