Ecora Resources (LON:ECOR) Price Target Cut to GBX 180 by Analysts at Berenberg Bank

Ecora Resources (LON:ECOR) had its price objective trimmed by Berenberg Bank from GBX 190 to GBX 180 in a research report released on Thursday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

ECOR has been the topic of several other research reports. Canaccord Genuity Group upped their price target on Ecora Resources from GBX 155 to GBX 185 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada reissued a “buy” rating and issued a GBX 175 target price on shares of Ecora Resources in a report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ecora Resources has an average rating of “Buy” and a consensus target price of GBX 180.

Ecora Resources Price Performance

Shares of LON ECOR opened at GBX 127 on Thursday. The company has a 50 day simple moving average of GBX 137.13 and a two-hundred day simple moving average of GBX 111.04. Ecora Resources has a fifty-two week low of GBX 48 and a fifty-two week high of GBX 155.20. The company has a market capitalization of £316.81 million, a price-to-earnings ratio of -10.58, a P/E/G ratio of 0.12 and a beta of 0.53. The company has a debt-to-equity ratio of 31.55, a quick ratio of 2.08 and a current ratio of 2.49.

Ecora Resources Company Profile

Ecora Royalties is a leading critical minerals focused royalty and streaming company.

Copper is at the core of our portfolio which also includes other commodities linked to the trend of electrification, energy transition, infrastructure renewal and urbanisation, digital infrastructure, robotics and energy security.

Our cash generative portfolio includes producing royalties and streams and has a strong organic growth profile driven by royalties and streams already acquired and expected to generate substantial additional cash flow within the next five years.