eCobalt Solutions was Downgraded to a Hold Rating at Canaccord Genuity

By Jason Carr

The Materials sector company, eCobalt Solutions (TSX: ECS), has received a rating update from a Wall Street analyst yesterday. Canaccord Genuity’s analyst Eric Zaunscherb downgraded ECS to Hold , with a C$1.50 price target.

Zaunscherb has an average return of 4.3% when recommending eCobalt Solutions.

According to TipRanks.com, Zaunscherb is ranked #62 out of 4737 analysts.

eCobalt Solutions has an analyst consensus of Hold, with a price target consensus of C$1.50.

The company has a one-year high of C$2.10 and a one-year low of C$0.80. Currently, eCobalt Solutions has an average volume of 781.1K.

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 company was founded by J. Scott Bending, Mari-Ann Green and William G. Scales on June 13, 1988 and is headquartered in Vancouver, Canada.

The company’s shares closed on Monday at C$1.42.