Ecora Resources (LON:ECOR) Sets New 12-Month High – Still a Buy?

Ecora Resources PLC (LON:ECOR) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 114 and last traded at GBX 113.60, with a volume of 1745753 shares changing hands. The stock had previously closed at GBX 110.80.

Wall Street Analysts Forecast Growth

ECOR has been the topic of several analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 120 target price on shares of Ecora Resources in a report on Tuesday, September 30th. Canaccord Genuity Group lifted their price objective on Ecora Resources from GBX 150 to GBX 155 and gave the company a “buy” rating in a report on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 137.50.

Ecora Resources Stock Up 2.5%

The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68. The firm has a 50 day moving average price of GBX 97.06 and a 200-day moving average price of GBX 80.59. The firm has a market cap of £282.93 million, a price-to-earnings ratio of -9.47, a P/E/G ratio of 0.12 and a beta of 0.62.

Insider Activity

In other Ecora Resources news, insider Marc Bishop Lafleche acquired 32,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of GBX 93 per share, with a total value of £29,760. Also, insider Christine Coignard bought 11,400 shares of Ecora Resources stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average cost of GBX 92 per share, for a total transaction of £10,488. Insiders have acquired 64,575 shares of company stock worth $6,036,425 over the last ninety days. 8.37% of the stock is currently owned by insiders.

Ecora Resources Company Profile

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.