Canaccord Genuity Group Issues Positive Forecast for Ecora Resources (LON:ECOR) Stock Price

Ecora Resources (LON:ECOR) had its target price upped by Canaccord Genuity Group from GBX 155 to GBX 185 in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 150 target price on shares of Ecora Resources in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 167.50.

Ecora Resources Stock Up 2.4%

ECOR stock opened at GBX 147.20 on Wednesday. The firm has a market capitalization of £366.62 million, a PE ratio of -12.27, a PEG ratio of 0.12 and a beta of 0.62. The stock has a 50-day simple moving average of GBX 115.72 and a two-hundred day simple moving average of GBX 92.38. Ecora Resources has a twelve month low of GBX 48 and a twelve month high of GBX 155. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68.

Insider Activity

In related news, insider Christine Coignard acquired 11,400 shares of the stock in a transaction dated Friday, November 14th. The stock was acquired at an average cost of GBX 92 per share, with a total value of £10,488. Also, insider Marc Bishop Lafleche purchased 32,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average price of GBX 93 per share, for a total transaction of £29,760. Insiders purchased 64,575 shares of company stock valued at $6,036,425 in the last ninety days. 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.