Ecora Resources’ (ECOR) “Buy” Rating Reaffirmed at Berenberg Bank

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

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

Ecora Resources Trading Down 2.2%

Shares of LON:ECOR traded down GBX 3.40 during midday trading on Wednesday, hitting GBX 148.20. 5,937,211 shares of the stock were exchanged, compared to its average volume of 1,472,860. The stock 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. The company has a debt-to-equity ratio of 17.90, a quick ratio of 2.08 and a current ratio of 1.77. The business’s 50-day moving average price is GBX 166.54 and its 200 day moving average price is GBX 149.15. Ecora Resources has a 12 month low of GBX 86.50 and a 12 month high of GBX 181.40.

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.