Berenberg Bank Reaffirms “Buy” Rating for Ecora Resources (LON:ECOR)

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday, Marketbeat reports. They currently have a GBX 130 ($1.73) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 141.19% from the company’s previous close.

Separately, Canaccord Genuity Group lifted their price objective on shares of Ecora Resources from GBX 140 ($1.87) to GBX 145 ($1.93) and gave the company a “buy” rating in a research report on Friday, January 31st.

Ecora Resources Trading Up 0.9 %

ECOR opened at GBX 53.90 ($0.72) on Wednesday. The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60. Ecora Resources has a one year low of GBX 48 ($0.64) and a one year high of GBX 88 ($1.17). The company has a market cap of £165.71 million, a P/E ratio of 7.11, a PEG ratio of 0.12 and a beta of 0.62. The business’s 50-day simple moving average is GBX 57.52 and its 200-day simple moving average is GBX 61.42.

Insider Buying and Selling at Ecora Resources

In other news, insider Kevin Flynn sold 42,728 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of GBX 60 ($0.80), for a total transaction of £25,636.80 ($34,196.08). Also, insider Andrew Webb bought 25,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was purchased at an average price of GBX 57 ($0.76) per share, with a total value of £14,250 ($19,007.60). 21.91% of the stock is currently owned by insiders.

Ecora Resources Company Profile

Ecora Resources is a leading royalty company focused on supporting the supply of commodities essential to creating
a sustainable future. The company is listed on both the London and Toronto Stock Exchange.
Our vision is to be globally recognised as the royalty company of choice synonymous with commodities that support a
sustainable future by continuing to grow and diversify our royalty portfolio in line with our strategy.