Ecora Resources (LON:ECOR) Price Target Raised to GBX 185

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

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

Ecora Resources Stock Performance

Shares of LON ECOR opened at GBX 145.20 on Wednesday. The business’s 50-day simple moving average is GBX 117.93 and its 200-day simple moving average is GBX 93.34. The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60. Ecora Resources has a 52 week low of GBX 48 and a 52 week high of GBX 155.20. The firm has a market cap of £361.63 million, a price-to-earnings ratio of -12.10, a P/E/G ratio of 0.12 and a beta of 0.62.

Insider Activity

In related news, insider Christine Coignard acquired 11,400 shares of the stock in a transaction dated Friday, November 14th. The shares were acquired at an average price of GBX 92 per share, for a total transaction of £10,488. Also, insider Kevin Flynn bought 21,175 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average cost of GBX 95 per share, for a total transaction of £20,116.25. Over the last three months, insiders acquired 64,575 shares of company stock valued at $6,036,425. 8.37% of the stock is owned by company insiders.

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.