Berenberg Bank Lowers Ecora Resources (LON:ECOR) Price Target to GBX 120

Ecora Resources (LON:ECOR) had its price target decreased by analysts at Berenberg Bank from GBX 130 ($1.74) to GBX 120 ($1.61) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 84.33% from the stock’s current price.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 150 ($2.01) price target on shares of Ecora Resources in a report on Wednesday, April 23rd.

Ecora Resources Stock Up 1.6%

ECOR stock opened at GBX 65.10 ($0.87) on Monday. Ecora Resources has a 52-week low of GBX 48 ($0.64) and a 52-week high of GBX 74.13 ($0.99). The company’s 50 day simple moving average is GBX 61.80 and its 200-day simple moving average is GBX 60.16. The company has a debt-to-equity ratio of 22.68, a current ratio of 0.60 and a quick ratio of 2.08. The firm has a market capitalization of £200.14 million, a P/E ratio of 8.59, a P/E/G ratio of 0.12 and a beta of 0.62.

About Ecora Resources

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.