Ecora Resources (LON:ECOR) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Ecora Resources PLC (LON:ECOR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 100.68 and traded as high as GBX 141.60. Ecora Resources shares last traded at GBX 139.94, with a volume of 1,063,172 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on ECOR shares. Canaccord Genuity Group increased 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. Berenberg Bank reiterated a “buy” rating and set a GBX 150 target price on shares of Ecora Resources in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 167.50.

Ecora Resources Price Performance

The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68. The company has a 50 day simple moving average of GBX 128.61 and a 200-day simple moving average of GBX 100.68. The stock has a market cap of £348.52 million, a price-to-earnings ratio of -11.66, a PEG ratio of 0.12 and a beta of 0.62.

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.