TD Securities Thinks eCobalt Solutions’ Stock is Going to Recover

By Austin Angelo

Today, an analyst has provided a rating update for the Materials sector company, eCobalt Solutions (TSX: ECS). Analyst Craig Hutchison from TD Securities remains bullish on the stock and has a C$2.25 price target.

According to TipRanks.com, Hutchison is ranked #586 out of 4830 analysts.

Read also: Gold Prices: What Are the Market Factors That Are Driving Current Fluctuations?

eCobalt Solutions has an analyst consensus of Moderate Buy, with a price target consensus of C$2.25.

The company has a one-year high of C$2.10 and a one-year low of C$1.01. Currently, eCobalt Solutions has an average volume of 560.6K.

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 Wednesday at C$1.17, close to its 52-week low of C$1.01.