BMO Capital Markets Lowers Cobalt 27 Capital (CVE:KBLT) Price Target to C$15.00

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Cobalt 27 Capital (CVE:KBLT) had its target price lowered by BMO Capital Markets from C$16.00 to C$15.00 in a report issued on Thursday, September 20th.

A number of other brokerages have also recently commented on KBLT. Canaccord Genuity reduced their target price on shares of Cobalt 27 Capital from C$22.50 to C$15.50 in a research report on Thursday, September 6th. TD Securities reduced their target price on shares of Cobalt 27 Capital from C$18.00 to C$13.00 and set a buy rating for the company in a research report on Thursday, September 13th. Eight Capital raised their price objective on shares of Cobalt 27 Capital from C$16.15 to C$17.50 in a research report on Thursday, May 24th. Cormark raised their price objective on shares of Cobalt 27 Capital from C$16.30 to C$16.60 in a research report on Thursday, May 31st. Finally, Numis Securities raised their price objective on shares of Cobalt 27 Capital from C$16.00 to C$19.00 in a research report on Thursday, May 24th.

CVE:KBLT traded down C$0.13 during trading hours on Thursday, reaching C$5.49. 144,900 shares of the company were exchanged, compared to its average volume of 174,898. Cobalt 27 Capital has a twelve month low of C$4.86 and a twelve month high of C$14.00.

In other Cobalt 27 Capital news, Director Nicholas French acquired 10,000 shares of the stock in a transaction dated Monday, July 23rd. The stock was acquired at an average price of C$7.56 per share, with a total value of C$75,600.00. Also, insider Martin Vydra acquired 20,000 shares of the stock in a transaction dated Monday, September 10th. The stock was acquired at an average cost of C$5.58 per share, with a total value of C$111,600.00. In the last ninety days, insiders have acquired 40,400 shares of company stock valued at $266,272.

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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