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

Canaccord Genuity Group reiterated their buy rating on shares of Ecora Resources (LON:ECOR) in a research note published on Friday, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 150 price objective on the stock.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 120 price objective on shares of Ecora Resources in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 135.

Ecora Resources Stock Performance

Shares of LON:ECOR opened at GBX 88.90 on Friday. The company’s 50 day simple moving average is GBX 74.61 and its 200 day simple moving average is GBX 65. The stock has a market capitalization of £221.41 million, a price-to-earnings ratio of -740.83, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. The company has a debt-to-equity ratio of 22.68, a current ratio of 0.60 and a quick ratio of 2.08. Ecora Resources has a 1 year low of GBX 48 and a 1 year high of GBX 89.

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.