Ecora Resources’ (ECOR) “Buy” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reiterated their buy rating on shares of Ecora Resources (LON:ECOR) in a report published on Wednesday, MarketBeat reports. The brokerage currently has a GBX 175 target price on the stock.

Several other equities analysts have also recently commented on ECOR. Canaccord Genuity Group increased their price target on shares of Ecora Resources from GBX 155 to GBX 185 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Berenberg Bank reissued a “buy” rating and issued a GBX 150 price objective on shares of Ecora Resources in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 170.

Ecora Resources Stock Performance

LON ECOR opened at GBX 128.80 on Wednesday. The company has a market capitalization of £321.30 million, a price-to-earnings ratio of -10.73, a price-to-earnings-growth ratio of 0.12 and a beta of 0.53. The company has a debt-to-equity ratio of 31.55, a current ratio of 2.49 and a quick ratio of 2.08. Ecora Resources has a 12 month low of GBX 48 and a 12 month high of GBX 155.20. The company’s fifty day moving average price is GBX 136.85 and its two-hundred day moving average price is GBX 109.07.

About Ecora Resources

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.