Ecora Resources (LON:ECOR) Given “Buy” Rating at Berenberg Bank

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 180 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 12.78% from the company’s current price.

Separately, Canaccord Genuity Group restated a “buy” rating and issued 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 data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 186.67.

Ecora Resources Price Performance

Ecora Resources stock traded up GBX 0.40 during midday trading on Wednesday, reaching GBX 159.60. 868,918 shares of the company were exchanged, compared to its average volume of 1,450,428. The company has a market capitalization of £398.48 million, a price-to-earnings ratio of 7.97, a P/E/G ratio of 0.12 and a beta of 0.50. The firm’s 50-day simple moving average is GBX 167.31 and its 200-day simple moving average is GBX 148.93. Ecora Resources has a 1 year low of GBX 84 and a 1 year high of GBX 181.40. The company has a debt-to-equity ratio of 17.90, a quick ratio of 2.08 and a current ratio of 1.77.

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.