The Globe and Mail reports in its Saturday edition that RBC analyst Andrew Wong rates Cobalt 27 Capital "outperform" in new coverage. The Globe's David Leeder writes that Mr. Wong targets the shares at $8. Analysts on average target the shares at $11.15. Mr. Wong says in a note: "We view the company as an attractive investment vehicle for direct exposure to positive long-term fundamentals in battery minerals. We also believe valuation is attractive at a significant discount to NAV [net asset value], and several potential catalysts could help valuation including: 1) cobalt prices bottoming and stabilizing in 2019; 2) completion of the ongoing Ramu acquisition; 3) generating cash flow by mid-2019; 4) returning cash in dividends and buybacks; 5) additional streaming deals to provide greater diversification and reduce concentration risk. We think Cobalt 27 provides the most direct investment exposure in cobalt through a combination of physical cobalt holdings and streaming assets free from potential sourcing conflicts -- cobalt accounts for 70 per cent of our NAV [net asset value] estimate." Mr. Wong says Cobalt 27 is trading at a "deep discount" to his NAV estimate and below comparable streaming peers.