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

Berenberg Bank reiterated their buy rating on shares of Ecora Resources (LON:ECOR) in a research report released on Wednesday, Marketbeat reports. They currently have a GBX 150 ($1.90) target price on the stock.

Ecora Resources Stock Performance

ECOR stock opened at GBX 76.40 ($0.97) on Wednesday. The company has a debt-to-equity ratio of 10.43, a current ratio of 0.49 and a quick ratio of 2.08. The business has a 50-day moving average price of GBX 78.92 and a 200 day moving average price of GBX 89.32. The company has a market capitalization of £197.04 million, a P/E ratio of -1,528.00, a PEG ratio of 0.12 and a beta of 0.71. Ecora Resources has a 1-year low of GBX 69.40 ($0.88) and a 1-year high of GBX 128.80 ($1.63).

Ecora Resources Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, January 11th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a dividend yield of 1.46%. Ecora Resources’s payout ratio is currently -14,000.00%.

Insider Activity at Ecora Resources

In other news, insider Marc Bishop Lafleche bought 65,005 shares of Ecora Resources stock in a transaction on Thursday, February 22nd. The stock was acquired at an average cost of GBX 77 ($0.97) per share, for a total transaction of £50,053.85 ($63,255.21). 18.74% of the stock is currently owned by corporate insiders.

About Ecora Resources

Ecora Resources PLC operates as a natural resource royalty and streaming company. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, calcium carbonate, chromite, gold, and silver primarily in Australia, North and South America, Europe, and internationally.