Ecora Resources (LON:ECOR) Given Buy Rating at Berenberg Bank

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report released on Wednesday, Digital Look reports. They currently have a GBX 180 price objective on the stock. Berenberg Bank‘s target price would indicate a potential upside of 21.46% from the company’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 195 price target on shares of Ecora Resources in a research report on Wednesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 186.67.

Ecora Resources Price Performance

ECOR traded down GBX 3.40 during trading on Wednesday, hitting GBX 148.20. The company’s stock had a trading volume of 5,937,211 shares, compared to its average volume of 1,472,860. The company has a current ratio of 1.77, a quick ratio of 2.08 and a debt-to-equity ratio of 17.90. Ecora Resources has a twelve month low of GBX 86.50 and a twelve month high of GBX 181.40. The business’s fifty day simple moving average is GBX 166.54 and its 200 day simple moving average is GBX 149.15. The firm has a market capitalization of £370.02 million, a price-to-earnings ratio of 7.40, a P/E/G ratio of 0.12 and a beta of 0.50.

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.