Ecora Resources (LON:ECOR) Hits New 1-Year High – Time to Buy?

Shares of Ecora Resources PLC (LON:ECOR) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 172.20 and last traded at GBX 165.89, with a volume of 818227 shares traded. The stock had previously closed at GBX 168.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 185 price target on shares of Ecora Resources in a research note on Monday, June 15th. Berenberg Bank restated a “buy” rating and set a GBX 190 price objective on shares of Ecora Resources in a report on Wednesday, July 29th. Finally, Canaccord Genuity Group upped their price objective on Ecora Resources from GBX 185 to GBX 195 and gave the stock a “buy” rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 190.

Ecora Resources Stock Performance

The stock’s 50-day moving average is GBX 137.22 and its 200-day moving average is GBX 138.60. The stock has a market cap of £413.82 million, a price-to-earnings ratio of 18.68, a P/E/G ratio of 0.12 and a beta of 0.47. The company has a current ratio of 1.20, a quick ratio of 2.08 and a debt-to-equity ratio of 20.72.

Insider Activity at Ecora Resources

In other Ecora Resources news, insider Kevin Flynn bought 5,550 shares of the business’s stock in a transaction dated 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 bought 5,560 shares of Ecora Resources stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of GBX 149 per share, for a total transaction of £8,284.40. 8.41% of the stock is owned by insiders.

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.