Ecora Resources (LON:ECOR) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reiterated by Berenberg Bank in a report issued on Wednesday, Digital Look reports. They currently have a GBX 180 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 12.78% from the stock’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 195 target price on shares of Ecora Resources in a research report on Wednesday, September 2nd. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Ecora Resources currently has an average rating of “Buy” and a consensus target price of GBX 186.67.

Ecora Resources Stock Up 0.3%

LON ECOR traded up GBX 0.40 on Wednesday, reaching GBX 159.60. The company had a trading volume of 291,898 shares, compared to its average volume of 1,447,599. The firm has a market capitalization of £398.48 million, a PE ratio of 7.97, a P/E/G ratio of 0.12 and a beta of 0.50. Ecora Resources has a 1 year low of GBX 84 and a 1 year high of GBX 181.40. The firm has a 50-day moving average of GBX 167.31 and a 200-day moving average of GBX 148.93. The company has a debt-to-equity ratio of 17.90, a current ratio of 1.77 and a quick ratio of 2.08.

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.