Canaccord Genuity Thinks eCobalt Solutions’ Stock is Going to Recover

By Carrie Williams

eCobalt Solutions (TSX: ECS), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Eric Zaunscherb from Canaccord Genuity reiterated a Buy rating, with a C$0.90 price target.

Zaunscherb has an average return of 24.5% when recommending eCobalt Solutions.

According to TipRanks.com, Zaunscherb is ranked #213 out of 4872 analysts.

eCobalt Solutions has an analyst consensus of Moderate Buy, with a price target consensus of C$1.58.

eCobalt Solutions’ market cap is currently C$121.6M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.13.

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$0.76, close to its 52-week low of C$0.54.