Electra Battery Materials Corp (ELBM – Research Report) has received a rating update from a Wall Street analyst today. Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating, with a $4.50 price target.
According to TipRanks.com, Ihle has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -12.8% and a 31.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Tanzanian Royalty Exploration, and Northern Dynasty Minerals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Electra Battery Materials Corp with a C$6.07 average price target.
Based on Electra Battery Materials Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$10.32 million. In comparison, last year the company had a GAAP net loss of C$15.5 million.
First Cobalt Corp is an exploration stage company. It is engaged in the acquisition, exploration, and development of resource properties. Its projects include Iron Creek in Idaho, First Cobalt Refinery in North America, and Greater Cobalt in Ontario.
The company’s shares closed last Thursday at C$1.99.
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