Ecora Resources (LON:ECOR) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Ecora Resources (LON:ECOR) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 180 ($2.27) price objective on the stock.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed an outperform rating and set a GBX 230 ($2.90) price objective on shares of Ecora Resources in a research report on Tuesday, July 25th. Berenberg Bank reaffirmed a buy rating and set a GBX 180 ($2.27) price objective on shares of Ecora Resources in a research report on Tuesday.

Ecora Resources Stock Performance

LON:ECOR opened at GBX 105.80 ($1.34) on Tuesday. The company has a market capitalization of £272.82 million, a PE ratio of 330.63, a P/E/G ratio of 0.12 and a beta of 0.66. The company has a 50 day simple moving average of GBX 112.40 and a two-hundred day simple moving average of GBX 117.54. The company has a debt-to-equity ratio of 9.05, a quick ratio of 2.08 and a current ratio of 0.39. Ecora Resources has a fifty-two week low of GBX 102.80 ($1.30) and a fifty-two week high of GBX 165.45 ($2.09).

Insider Transactions at Ecora Resources

In other Ecora Resources news, insider Marc Bishop Lafleche purchased 7,500 shares of Ecora Resources stock in a transaction that occurred on Wednesday, August 2nd. The stock was acquired at an average price of GBX 113 ($1.43) per share, with a total value of £8,475 ($10,703.46). Insiders own 21.44% of the company’s stock.

About Ecora Resources

Ecora Resources PLC operates as a natural resource royalty and streaming company. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, calcium carbonate, chromite, gold, and silver primarily in Australia, North and South America, Europe, and internationally.