Ecora Resources (LON:ECOR) Hits New 12-Month High – Time to Buy?

Ecora Resources PLC (LON:ECOR)’s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 154.40 and last traded at GBX 152.40, with a volume of 3011617 shares traded. The stock had previously closed at GBX 142.80.

Analyst Upgrades and Downgrades

Several brokerages have commented on ECOR. Canaccord Genuity Group lifted their price objective on shares of Ecora Resources from GBX 150 to GBX 155 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Berenberg Bank reissued a “buy” rating and set a GBX 150 target price on shares of Ecora Resources in a report on Friday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 152.50.

Ecora Resources Price Performance

The company has a debt-to-equity ratio of 22.68, a current ratio of 0.60 and a quick ratio of 2.08. The stock has a fifty day simple moving average of GBX 112.31 and a 200-day simple moving average of GBX 90.82. The company has a market capitalization of £379.56 million, a price-to-earnings ratio of -12.70, a P/E/G ratio of 0.12 and a beta of 0.62.

Insider Activity at Ecora Resources

In other news, insider Christine Coignard acquired 11,400 shares of the business’s stock in a transaction on Friday, November 14th. The stock was bought at an average price of GBX 92 per share, with a total value of £10,488. Also, insider Kevin Flynn acquired 21,175 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was purchased at an average price of GBX 95 per share, with a total value of £20,116.25. Insiders bought a total of 64,575 shares of company stock worth $6,036,425 in the last three months. Company insiders own 8.37% of the company’s stock.

Ecora Resources Company Profile

Ecora Resources is a leading royalty company focused on supporting the supply of commodities essential to creating
a sustainable future. The company is listed on both the London and Toronto Stock Exchange.
Our vision is to be globally recognised as the royalty company of choice synonymous with commodities that support a
sustainable future by continuing to grow and diversify our royalty portfolio in line with our strategy. We will achieve this
through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and
shareholder returns.