Canaccord Genuity Group Issues Positive Forecast for Ecora Resources (LON:ECOR) Stock Price

Ecora Resources (LON:ECOR) had its price target boosted by Canaccord Genuity Group from GBX 185 to GBX 195 in a research report released on Friday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 190 price target on shares of Ecora Resources in a report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 185 price objective on shares of Ecora Resources in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ecora Resources has a consensus rating of “Buy” and a consensus price target of GBX 190.

Ecora Resources Stock Performance

Shares of LON ECOR opened at GBX 138.40 on Friday. The company has a current ratio of 1.20, a quick ratio of 2.08 and a debt-to-equity ratio of 20.72. The company has a market capitalization of £345.24 million, a P/E ratio of 15.59, a P/E/G ratio of 0.12 and a beta of 0.47. Ecora Resources has a 12 month low of GBX 64.10 and a 12 month high of GBX 155.20. The stock has a 50 day moving average of GBX 135.34 and a 200-day moving average of GBX 137.31.

Insider Buying and Selling

In related news, insider Kevin Flynn purchased 5,550 shares of Ecora Resources stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average price of GBX 140 per share, with a total value of £7,770. Also, insider Marc Bishop Lafleche acquired 5,560 shares of the stock in a transaction on Friday, May 15th. The shares were bought at an average price of GBX 149 per share, for a total transaction of £8,284.40. 8.41% of the stock is currently owned by insiders.

Ecora Resources Company Profile

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.