Ecora Resources (LON:ECOR) Reaches New 1-Year High – Here’s What Happened

Ecora Resources PLC (LON:ECORGet Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 172.40 and last traded at GBX 169.40, with a volume of 553977 shares trading hands. The stock had previously closed at GBX 169.60.

Wall Street Analysts Forecast Growth

ECOR has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 185 target price on shares of Ecora Resources in a report on Monday, June 15th. Canaccord Genuity Group raised their price target on Ecora Resources from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 190 price objective on shares of Ecora Resources in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ecora Resources has a consensus rating of “Buy” and a consensus price target of GBX 190.

View Our Latest Research Report on ECOR

Ecora Resources Trading Down 0.1%

The company has a quick ratio of 2.08, a current ratio of 1.20 and a debt-to-equity ratio of 20.72. The business’s fifty day moving average is GBX 141.13 and its 200 day moving average is GBX 139.48. The firm has a market capitalization of £422.57 million, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 0.12 and a beta of 0.47.

Ecora Resources Company Profile

(Get Free Report)

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.

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