Ecora Resources (LON:ECOR) Earns “Buy” Rating from Berenberg Bank

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

Separately, Canaccord Genuity Group reiterated a “buy” rating and set 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 186.67.

Ecora Resources Stock Down 2.2%

Shares of LON:ECOR traded down GBX 3.40 during mid-day trading on Wednesday, hitting GBX 148.20. 5,937,211 shares of the company traded hands, compared to its average volume of 1,472,860. Ecora Resources has a 52-week low of GBX 86.50 and a 52-week high of GBX 181.40. The firm has a market cap of £370.02 million, a P/E ratio of 7.40, a PEG 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 firm’s 50 day simple moving average is GBX 166.54 and its 200 day simple moving average is GBX 149.15.

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.