Ecora Resources’ (ECOR) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Ecora Resources (LON:ECOR) in a report published on Wednesday,Digital Look reports. Berenberg Bank currently has a GBX 190 target price on the stock.

A number of other analysts have also issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 185 price target on shares of Ecora Resources in a research note on Wednesday, April 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 185 price target on shares of Ecora Resources in a research report on Monday, June 15th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 190.

Ecora Resources Price Performance

LON:ECOR opened at GBX 138.40 on Wednesday. Ecora Resources has a 12 month low of GBX 64.10 and a 12 month high of GBX 155.20. The stock has a 50 day moving average of GBX 135.34 and a two-hundred day moving average of GBX 137.31. The company has a current ratio of 1.20, a quick ratio of 2.08 and a debt-to-equity ratio of 20.72. The firm has a market cap of £345.24 million, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 0.12 and a beta of 0.47.

Insider Activity

In other Ecora Resources news, insider Kevin Flynn acquired 5,550 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of GBX 140 per share, with a total value of £7,770. Also, insider Marc Bishop Lafleche acquired 5,560 shares of the business’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of GBX 149 per share, with a total value of £8,284.40. 8.41% of the stock is currently owned by corporate insiders.

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.