Price Of This Company Is Jumping on the Electric Vehicle Revolution

Anoop Prihar, an analyst with GMP Securities, explained the investment thesis for this metals corporation that began trading during the summer.

A July 19 research report indicated GMP Securities "initiated coverage on Cobalt 27 Capital Corp. (KBLT:TSX.V; CBLLF:OTC; 27O:FSE) with a Buy rating and a CA$ 12 per share target price," wrote analyst Anoop Prihar.

Generally, Cobalt 27 "offers direct leverage to cobalt price appreciation," Prihar noted. The company owns 2,158.8 tons of physical cobalt and a portfolio of cobalt royalties and aims to "secure additional cobalt royalties and streaming contracts" in the future.

GMP Securities forecasts "a one year forward, premium-grade cobalt price of US$ 38 per pound (US$ 29.75/pound currently), which drives our valuation" for Cobalt 27, wrote the analyst. http://ift.tt/2yNo15V

Submitted October 25, 2017 at 02:17PM by KADUCEJ http://ift.tt/2y7xmlC