Ecora Resources’ (ECOR) Buy Rating Reiterated at Berenberg Bank

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 180 target price on the stock. Berenberg Bank‘s price target indicates a potential upside of 18.42% from the company’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 195 target price on shares of Ecora Resources in a report on Wednesday, September 2nd. Three analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 186.67.

Ecora Resources Trading Up 2.7%

ECOR traded up GBX 4 during trading on Wednesday, hitting GBX 152. 346,938 shares of the company’s stock were exchanged, compared to its average volume of 1,462,603. Ecora Resources has a 1 year low of GBX 86.50 and a 1 year high of GBX 181.40. The stock has a 50 day moving average price of GBX 166.08 and a 200 day moving average price of GBX 145.13. The firm has a market cap of £379.51 million, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.12 and a beta of 0.50. The company has a current ratio of 1.77, a quick ratio of 2.08 and a debt-to-equity ratio of 17.90.

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.