Ecora Resources’ (ECOR) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Ecora Resources (LON:ECOR) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 150 ($1.97) target price on the stock.

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

Ecora Resources Stock Performance

LON:ECOR opened at GBX 60 ($0.79) on Wednesday. Ecora Resources has a fifty-two week low of GBX 54.20 ($0.71) and a fifty-two week high of GBX 114.40 ($1.50). The firm’s 50 day moving average is GBX 64.60 and its two-hundred day moving average is GBX 73.79. The company has a market cap 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. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 17.79.

Ecora Resources Cuts Dividend

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

Insider Transactions at Ecora Resources

In other Ecora Resources news, insider Marc Bishop Lafleche purchased 75,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average cost of GBX 64 ($0.84) per share, with a total value of £48,000 ($63,116.37). In related news, insider Marc Bishop Lafleche purchased 75,000 shares of Ecora Resources stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average cost of GBX 64 ($0.84) per share, with a total value of £48,000 ($63,116.37). Also, insider Andrew Webb purchased 25,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was bought at an average price of GBX 75 ($0.99) per share, with a total value of £18,750 ($24,654.83). Insiders acquired 183,083 shares of company stock valued at $12,906,225 over the last 90 days. Corporate insiders own 22.78% of the company’s stock.

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.