Berenberg Bank Reiterates “Buy” Rating for Ecora Resources (LON:ECOR)

Berenberg Bank reiterated their buy rating on shares of Ecora Resources (LON:ECOR) in a report issued on Wednesday morning, MarketBeat reports. The firm currently has a GBX 150 ($1.97) target price on the stock.

Separately, Canaccord Genuity Group restated a buy rating and issued a GBX 63 ($0.83) price target on shares of Ecora Resources in a research report on Wednesday, July 24th.

Ecora Resources Trading Down 3.8 %

Shares of LON ECOR opened at GBX 60 ($0.79) on Wednesday. The company has a debt-to-equity ratio of 17.79, a quick ratio of 2.08 and a current ratio of 0.60. Ecora Resources has a 52-week low of GBX 54.20 ($0.71) and a 52-week high of GBX 114.40 ($1.50). The firm has a 50 day moving average price of GBX 64.16 and a two-hundred day moving average price of GBX 73.56. The stock has a market cap of £149.05 million, a P/E ratio of -1,718.00, a price-to-earnings-growth ratio of 0.12 and a beta of 0.65.

Ecora Resources Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.02 per share. This represents a dividend yield of 2.24%. The ex-dividend date is Thursday, January 2nd.

Insider Transactions at Ecora Resources

In other news, insider Marc Bishop Lafleche acquired 75,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was bought at an average cost of GBX 64 ($0.84) per share, for a total transaction of £48,000 ($63,116.37). In related news, insider Marc Bishop Lafleche bought 75,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average cost of GBX 64 ($0.84) per share, with a total value of £48,000 ($63,116.37). Also, insider Graeme Dacomb bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average cost of GBX 75 ($0.99) per share, for a total transaction of £15,000 ($19,723.87). Insiders bought a total of 183,083 shares of company stock worth $12,906,225 over the last three months. 22.78% of the stock is owned by company insiders.

About Ecora Resources

Ecora Resources PLC operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, coking coal, calcium carbonate, chromite, gold, and silver.