Ecora Resources (LON:ECOR) Receives “Outperform” Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Ecora Resources (LON:ECOR) in a report released on Monday morning,Digital Look reports. They currently have a GBX 185 price objective on the stock.

Several other brokerages have also recently weighed in on ECOR. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 185 price objective on shares of Ecora Resources in a research note on Wednesday, April 29th. Berenberg Bank restated a “buy” rating and issued a GBX 180 target price on shares of Ecora Resources in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 183.33.

Ecora Resources Stock Performance

Ecora Resources stock traded down GBX 1.40 during midday trading on Monday, hitting GBX 138. The company’s stock had a trading volume of 216,269 shares, compared to its average volume of 1,950,399. Ecora Resources has a 1-year low of GBX 61.48 and a 1-year high of GBX 155.20. The company has a debt-to-equity ratio of 20.72, a current ratio of 1.20 and a quick ratio of 2.08. The company has a 50-day moving average price of GBX 140.85 and a two-hundred day moving average price of GBX 131.94. The company has a market cap of £344.25 million, a price-to-earnings ratio of 15.54, a PEG ratio of 0.12 and a beta of 0.47.

Insiders Place Their Bets

In related news, insider Kevin Flynn bought 5,550 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of GBX 140 per share, with a total value of £7,770. Also, insider Marc Bishop Lafleche bought 5,560 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of GBX 149 per share, for a total transaction of £8,284.40. Insiders own 8.41% of the company’s stock.

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.