Canaccord Genuity Group Reaffirms “Buy” Rating for Ecora Resources (LON:ECOR)

Canaccord Genuity Group reaffirmed their buy rating on shares of Ecora Resources (LON:ECOR) in a research report released on Wednesday, MarketBeat Ratings reports. They currently have a GBX 160 ($1.98) target price on the stock.

Separately, Berenberg Bank reaffirmed a buy rating and issued a GBX 150 ($1.85) price objective on shares of Ecora Resources in a report on Wednesday, March 27th.

Ecora Resources Stock Performance

Ecora Resources stock opened at GBX 80.80 ($1.00) on Wednesday. The company has a market cap of £208.38 million, a PE ratio of -1,594.00, a P/E/G ratio of 0.12 and a beta of 0.71. The company has a fifty day moving average price of GBX 77.09 and a two-hundred day moving average price of GBX 86.13. The company has a debt-to-equity ratio of 10.43, a current ratio of 0.49 and a quick ratio of 2.08. Ecora Resources has a 12 month low of GBX 69.40 ($0.86) and a 12 month high of GBX 125.40 ($1.55).

Ecora Resources Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 14th. Stockholders of record on Thursday, January 11th were issued a dividend of $0.02 per share. This represents a dividend yield of 1.46%. The ex-dividend date was Thursday, January 11th. Ecora Resources’s dividend payout ratio (DPR) is -14,000.00%.

Insider Activity

In other news, insider Marc Bishop Lafleche purchased 65,005 shares of Ecora Resources stock in a transaction dated Thursday, February 22nd. The stock was bought at an average price of GBX 77 ($0.95) per share, with a total value of £50,053.85 ($61,825.41). Corporate insiders own 18.74% of the company’s stock.

Ecora Resources Company Profile

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.