Scotiabank Increases Cobalt 27 Capital (KBLT) Price Target to C$12.50

Cobalt 27 Capital (CVE:KBLT) had its price objective raised by equities research analysts at Scotiabank from C$11.00 to C$12.50 in a research report issued to clients and investors on Wednesday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 5.04% from the stock’s previous close.

Cobalt 27 Capital (KBLT) opened at C$11.90 on Wednesday. Cobalt 27 Capital has a 1 year low of C$0.06 and a 1 year high of C$13.75.

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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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