Ecora Resources (LON:ECOR) Earns “Buy” Rating from Berenberg Bank

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued on Thursday,London Stock Exchange reports. They currently have a GBX 130 ($1.67) target price on the stock. Berenberg Bank’s price target indicates a potential upside of 115.14% from the company’s current price.

Separately, Canaccord Genuity Group increased their price objective on Ecora Resources from GBX 140 ($1.80) to GBX 145 ($1.87) and gave the stock a “buy” rating in a research report on Friday, January 31st.

Ecora Resources Stock Performance

Shares of ECOR stock traded down GBX 5.58 ($0.07) during midday trading on Thursday, hitting GBX 60.43 ($0.78). 2,356,909 shares of the company were exchanged, compared to its average volume of 555,343. Ecora Resources has a 52 week low of GBX 54.20 ($0.70) and a 52 week high of GBX 88.90 ($1.14). The firm’s 50 day moving average price is GBX 61.79 and its two-hundred day moving average price is GBX 63.69. The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60. The firm has a market capitalization of £185.77 million, a P/E ratio of 7.97, a PEG ratio of 0.12 and a beta of 0.62.

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.