Ecora Resources (LON:ECOR) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Ecora Resources (LON:ECOR) had its price target hoisted by research analysts at Canaccord Genuity Group from GBX 155 to GBX 185 in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 25.34% from the company’s current price.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 150 price objective on shares of Ecora Resources in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 167.50.

Ecora Resources Stock Performance

ECOR stock traded up GBX 3.80 during midday trading on Wednesday, hitting GBX 147.60. 1,145,746 shares of the company traded hands, compared to its average volume of 1,154,885. The business has a 50 day simple moving average of GBX 114.61 and a 200-day simple moving average of GBX 91.99. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68. Ecora Resources has a twelve month low of GBX 48 and a twelve month high of GBX 155. The stock has a market capitalization of £367.61 million, a price-to-earnings ratio of -12.30, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62.

Insider Buying and Selling at Ecora Resources

In other Ecora Resources news, insider Kevin Flynn purchased 21,175 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average price of GBX 95 per share, with a total value of £20,116.25. Also, insider Christine Coignard purchased 11,400 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of GBX 92 per share, for a total transaction of £10,488. Over the last 90 days, insiders purchased 64,575 shares of company stock worth $6,036,425. 8.37% of the stock is currently owned by insiders.

About Ecora Resources

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.