Berenberg Bank Reaffirms Buy Rating for Ecora Resources (LON:ECOR)

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reissued by Berenberg Bank in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 180 price target on the stock. Berenberg Bank‘s target price indicates a potential upside of 21.46% from the stock’s current price.

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

Ecora Resources Stock Performance

LON:ECOR opened at GBX 148.20 on Wednesday. The company has a quick ratio of 2.08, a current ratio of 1.77 and a debt-to-equity ratio of 17.90. The company has a market cap of £370.02 million, a P/E ratio of 7.40, a P/E/G ratio of 0.12 and a beta of 0.50. Ecora Resources has a fifty-two week low of GBX 86.50 and a fifty-two week high of GBX 181.40. The firm’s 50 day moving average is GBX 166.54 and its two-hundred day moving average is GBX 149.15.

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.