Ecora Resources (LON:ECOR) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Ecora Resources (LON:ECOR) had its price target raised by analysts at Canaccord Genuity Group from GBX 155 to GBX 185 in a research note issued to investors on Wednesday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 22.84% from the stock’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 150 target price on shares of Ecora Resources in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 167.50.

Ecora Resources Stock Up 2.2%

ECOR stock opened at GBX 150.60 on Wednesday. The stock has a fifty day moving average of GBX 116.85 and a 200-day moving average of GBX 92.78. Ecora Resources has a fifty-two week low of GBX 48 and a fifty-two week high of GBX 155.20. The company has a market capitalization of £375.08 million, a price-to-earnings ratio of -12.55, a PEG ratio of 0.12 and a beta of 0.62. The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60.

Insider Buying and Selling at Ecora Resources

In other news, insider Christine Coignard purchased 11,400 shares of Ecora Resources stock in a transaction dated Friday, November 14th. The stock was purchased at an average cost of GBX 92 per share, for a total transaction of £10,488. Also, insider Kevin Flynn purchased 21,175 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was purchased at an average cost of GBX 95 per share, for a total transaction of £20,116.25. Insiders bought a total of 64,575 shares of company stock valued at $6,036,425 in the last three months. Company insiders own 8.37% of the company’s stock.

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. We will achieve this
through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and
shareholder returns.