Ecora Resources (LON:ECOR) Receives Buy Rating from Berenberg Bank

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 190 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 10.87% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 185 target price on shares of Ecora Resources in a research note on Monday, June 15th. Canaccord Genuity Group increased their price target on Ecora Resources from GBX 185 to GBX 195 and gave the company a “buy” rating in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 190.

Ecora Resources Trading Up 2.1%

Shares of ECOR stock opened at GBX 171.38 on Wednesday. Ecora Resources has a 52-week low of GBX 72.30 and a 52-week high of GBX 178. The company has a debt-to-equity ratio of 20.72, a quick ratio of 2.08 and a current ratio of 1.20. The company has a 50-day simple moving average of GBX 145.47 and a two-hundred day simple moving average of GBX 141.03. The company has a market capitalization of £427.50 million, a price-to-earnings ratio of 19.30, a PEG ratio of 0.12 and a beta of 0.47.

Ecora Resources Company Profile

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.