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

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They presently have a GBX 150 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 5.04% from the company’s previous close.

Separately, Canaccord Genuity Group lifted their target price on Ecora Resources from GBX 150 to GBX 155 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ecora Resources has an average rating of “Buy” and a consensus price target of GBX 152.50.

Ecora Resources Trading Up 1.1%

Shares of LON:ECOR opened at GBX 142.80 on Friday. Ecora Resources has a 1 year low of GBX 48 and a 1 year high of GBX 146.40. 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 company has a market cap of £355.66 million, a P/E ratio of -11.90, a PEG ratio of 0.12 and a beta of 0.62. The stock’s fifty day moving average price is GBX 112.31 and its 200-day moving average price is GBX 90.64.

Insider Transactions at Ecora Resources

In other news, insider Kevin Flynn acquired 21,175 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was bought at an average cost of GBX 95 per share, for a total transaction of £20,116.25. Also, insider Marc Bishop Lafleche acquired 32,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price of GBX 93 per share, for a total transaction of £29,760. Insiders purchased a total of 64,575 shares of company stock worth $6,036,425 in the last quarter. Insiders own 8.37% of the company’s stock.

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. We will achieve this
through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and
shareholder returns.