Ecora Resources (LON:ECOR) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Ecora Resources (LON:ECOR) in a research report released on Thursday morning, MarketBeat.com reports. The brokerage currently has a GBX 185 price objective on the stock.

A number of other equities research analysts also recently issued reports on the stock. Berenberg Bank decreased their price target on shares of Ecora Resources from GBX 190 to GBX 180 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank Of Canada restated 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 an average target price of GBX 180.

Ecora Resources Price Performance

LON ECOR opened at GBX 127 on Thursday. The stock has a 50 day moving average price of GBX 137.13 and a 200-day moving average price of GBX 111.04. Ecora Resources has a one year low of GBX 48 and a one year high of GBX 155.20. The company has a debt-to-equity ratio of 31.55, a quick ratio of 2.08 and a current ratio of 2.49. The company has a market capitalization of £316.81 million, a P/E ratio of -10.58, a P/E/G ratio of 0.12 and a beta of 0.53.

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.