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

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 130 ($1.67) target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 115.14% from the company’s previous close.

Separately, Canaccord Genuity Group lifted their price target on shares of 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 Price Performance

ECOR stock traded down GBX 5.58 ($0.07) during midday trading on Thursday, reaching GBX 60.43 ($0.78). 2,356,909 shares of the company’s stock traded hands, compared to its average volume of 555,343. The company has a market cap of £185.77 million, a price-to-earnings ratio of 7.97, a PEG ratio of 0.12 and a beta of 0.62. Ecora Resources has a 1-year low of GBX 54.20 ($0.70) and a 1-year high of GBX 88.90 ($1.14). The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68. The company has a 50-day simple moving average of GBX 61.79 and a two-hundred day simple moving average of GBX 63.69.

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.