Ecora Resources (LON:ECOR) Sets New 12-Month High – Still a Buy?

Shares of Ecora Resources PLC (LON:ECOR) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 181.40 and last traded at GBX 180, with a volume of 911080 shares traded. The stock had previously closed at GBX 175.40.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ECOR. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 195 target price on shares of Ecora Resources in a research note on Wednesday, September 2nd. Berenberg Bank restated a “buy” rating and issued a GBX 190 price target on shares of Ecora Resources in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 185 price objective on shares of Ecora Resources in a report on Monday, June 15th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 190.

Ecora Resources Stock Down 1.3%

The company’s 50 day moving average price is GBX 150.70 and its two-hundred day moving average price is GBX 142.78. The company has a current ratio of 1.77, a quick ratio of 2.08 and a debt-to-equity ratio of 17.90. The stock has a market cap of £428.44 million, a P/E ratio of 8.57, a PEG ratio of 0.12 and a beta of 0.49.

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.