Ecora Resources (LON:ECOR) Reaches New 1-Year High – Still a Buy?

Ecora Resources PLC (LON:ECOR)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 180 and last traded at GBX 177, with a volume of 899654 shares trading hands. The stock had previously closed at GBX 167.80.

Wall Street Analysts Forecast Growth

ECOR has been the subject of a number of analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 190 target price on shares of Ecora Resources in a research note on Wednesday. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 195 price target on shares of Ecora Resources in a report on Wednesday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 185 price objective on shares of Ecora Resources in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 190.

Ecora Resources Stock Performance

The company has a quick ratio of 2.08, a current ratio of 1.20 and a debt-to-equity ratio of 20.72. The firm has a market capitalization of £441.53 million, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 0.12 and a beta of 0.47. The company’s 50 day moving average is GBX 145.47 and its 200-day moving average is GBX 141.03.

About Ecora Resources

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.