Ecora Resources (LON:ECOR) Sets New 1-Year High – Still a Buy?

Ecora Resources PLC (LON:ECOR) hit a new 52-week high on Thursday . The company traded as high as GBX 172.20 and last traded at GBX 165.89, with a volume of 818227 shares traded. The stock had previously closed at GBX 168.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ECOR shares. Berenberg Bank restated a “buy” rating and issued a GBX 190 price target on shares of Ecora Resources in a report on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 185 price objective on shares of Ecora Resources in a report on Monday, June 15th. Finally, Canaccord Genuity Group lifted their price target on Ecora Resources from GBX 185 to GBX 195 and gave the company a “buy” rating in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 190.

Ecora Resources Stock Up 0.1%

The company has a debt-to-equity ratio of 20.72, a current ratio of 1.20 and a quick ratio of 2.08. The firm’s 50 day moving average is GBX 138.23 and its two-hundred day moving average is GBX 138.94. The firm has a market capitalization of £408.60 million, a P/E ratio of 18.45, a PEG ratio of 0.12 and a beta of 0.47.

Insider Activity

In other news, insider Kevin Flynn bought 5,550 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of GBX 140 per share, with a total value of £7,770. Insiders own 8.41% of the company’s stock.

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.