Ecora Resources’ (ECOR) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Ecora Resources (LON:ECOR) in a research note published on Wednesday morning, Marketbeat reports. They currently have a GBX 150 ($1.97) price objective on the stock.

Separately, Berenberg Bank reaffirmed a buy rating and set a GBX 150 ($1.97) price objective on shares of Ecora Resources in a report on Wednesday.

Ecora Resources Stock Down 3.8 %

ECOR stock opened at GBX 60 ($0.79) on Wednesday. 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 company’s 50 day simple moving average is GBX 64.39 and its 200-day simple moving average is GBX 73.71. The company has a debt-to-equity ratio of 17.79, a current ratio of 0.60 and a quick ratio of 2.08. The firm has a market capitalization of £149.05 million, a P/E ratio of -1,718.00, a P/E/G ratio of 0.12 and a beta of 0.65.

Ecora Resources Cuts Dividend

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

Insider Buying and Selling

In other news, insider Marc Bishop Lafleche purchased 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was acquired at an average cost of GBX 75 ($0.99) per share, with a total value of £22,500 ($29,585.80). In other news, insider Kevin Flynn acquired 33,083 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was acquired at an average price of GBX 75 ($0.99) per share, with a total value of £24,812.25 ($32,626.23). Also, insider Marc Bishop Lafleche purchased 30,000 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were purchased at an average cost of GBX 75 ($0.99) per share, with a total value of £22,500 ($29,585.80). In the last ninety days, insiders bought 183,083 shares of company stock valued at $12,906,225. Insiders own 22.78% of the company’s stock.

Ecora Resources Company Profile

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.