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

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 190 price target on the stock. Berenberg Bank’s target price suggests a potential upside of 34.18% from the stock’s current price.

A number of other analysts have also issued reports on ECOR. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 185 price objective on shares of Ecora Resources in a research note on Monday, June 15th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 185 price target on shares of Ecora Resources in a report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 186.67.

Ecora Resources Stock Performance

Ecora Resources stock opened at GBX 141.60 on Wednesday. The stock’s 50 day moving average price is GBX 135.53 and its 200 day moving average price is GBX 137.08. The firm has a market capitalization of £353.23 million, a PE ratio of 15.95, a price-to-earnings-growth ratio of 0.12 and a beta of 0.47. The company has a debt-to-equity ratio of 20.72, a quick ratio of 2.08 and a current ratio of 1.20. Ecora Resources has a one year low of GBX 64.10 and a one year high of GBX 155.20.

Insiders Place Their Bets

In other news, insider Kevin Flynn acquired 5,550 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of GBX 140 per share, for a total transaction of £7,770. Also, insider Marc Bishop Lafleche acquired 5,560 shares of Ecora Resources stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of GBX 149 per share, for a total transaction of £8,284.40. Corporate 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.