Ecora Resources (LON:ECOR) Given New GBX 180 Price Target at Berenberg Bank

Ecora Resources (LON:ECOR) had its target price decreased by stock analysts at Berenberg Bank from GBX 190 to GBX 180 in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 43.31% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Royal Bank Of Canada restated a “buy” rating and set a GBX 175 price objective on shares of Ecora Resources in a research note on Wednesday, March 18th. Canaccord Genuity Group boosted their price target on Ecora Resources from GBX 155 to GBX 185 and gave the company a “buy” rating in a report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ecora Resources currently has an average rating of “Buy” and a consensus price target of GBX 180.

Ecora Resources Stock Down 3.4%

LON:ECOR opened at GBX 125.60 on Thursday. The company has a market capitalization of £313.31 million, a price-to-earnings ratio of -10.47, a price-to-earnings-growth ratio of 0.12 and a beta of 0.53. Ecora Resources has a one year low of GBX 48 and a one year high of GBX 155.20. The stock has a 50-day simple moving average of GBX 137.20 and a 200 day simple moving average of GBX 110.93. The company has a debt-to-equity ratio of 31.55, a quick ratio of 2.08 and a current ratio of 2.49.

Ecora Resources Company Profile

Ecora Royalties is a leading critical minerals focused royalty and streaming company.

Copper is at the core of our portfolio which also includes other commodities linked to the trend of electrification, energy transition, infrastructure renewal and urbanisation, digital infrastructure, robotics and energy security.

Our cash generative portfolio includes producing royalties and streams and has a strong organic growth profile driven by royalties and streams already acquired and expected to generate substantial additional cash flow within the next five years.