Ecora Resources (LON:ECOR) Given Outperform Rating at Royal Bank Of Canada

Ecora Resources (LON:ECOR)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a report issued on Monday,Digital Look reports. They currently have a GBX 185 price target on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 33.93% from the stock’s current price.

A number of other research analysts have also commented on the company. Berenberg Bank restated a “buy” rating and issued a GBX 180 target price on shares of Ecora Resources in a research note on Wednesday, April 29th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 185 price target on shares of Ecora Resources in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 183.33.

Ecora Resources Stock Performance

Shares of ECOR stock traded down GBX 1.27 during mid-day trading on Monday, reaching GBX 138.13. The stock had a trading volume of 214,595 shares, compared to its average volume of 1,950,384. The firm’s 50 day simple moving average is GBX 140.85 and its 200 day simple moving average is GBX 131.94. The company has a quick ratio of 2.08, a current ratio of 1.20 and a debt-to-equity ratio of 20.72. Ecora Resources has a one year low of GBX 61.48 and a one year high of GBX 155.20. The firm has a market cap of £344.58 million, a PE ratio of 15.56, a P/E/G ratio of 0.12 and a beta of 0.47.

Insiders Place Their Bets

In other news, insider Kevin Flynn bought 5,550 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of GBX 140 per share, for a total transaction of £7,770. Also, insider Marc Bishop Lafleche purchased 5,560 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of GBX 149 per share, with a total value of £8,284.40. 8.41% of the stock is currently owned by company insiders.

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.