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

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 150 ($2.00) price objective on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 178.29% from the stock’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 130 ($1.73) price objective on shares of Ecora Resources in a research note on Wednesday.

Ecora Resources Trading Up 0.9 %

LON:ECOR opened at GBX 53.90 ($0.72) on Wednesday. The firm has a fifty day simple moving average of GBX 57.52 and a two-hundred day simple moving average of GBX 61.42. Ecora Resources has a 12 month low of GBX 48 ($0.64) and a 12 month high of GBX 88 ($1.17). The stock has a market capitalization of £165.71 million, a price-to-earnings ratio of 7.11, a PEG ratio of 0.12 and a beta of 0.62. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68.

Insider Buying and Selling

In other news, insider Kevin Flynn sold 42,728 shares of the business’s stock in a transaction that occurred 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 acquired 25,000 shares of Ecora Resources stock in a transaction on Monday, March 31st. The shares were bought at an average cost of GBX 57 ($0.76) per share, for a total transaction of £14,250 ($19,007.60). 21.91% of the stock is owned by company 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.