Royal Bank Of Canada Reiterates Buy Rating for Ecora Resources (LON:ECOR)

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating restated by Royal Bank Of Canada in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a GBX 175 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 40.22% from the stock’s previous close.

ECOR has been the topic of several other research reports. Berenberg Bank restated a “buy” rating and issued a GBX 150 target price on shares of Ecora Resources in a research note on Friday, January 23rd. Canaccord Genuity Group increased their target price on shares of Ecora Resources from GBX 155 to GBX 185 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ecora Resources currently has a consensus rating of “Buy” and an average target price of GBX 170.

Ecora Resources Stock Performance

Shares of LON:ECOR opened at GBX 124.80 on Wednesday. The company has a debt-to-equity ratio of 31.55, a current ratio of 2.49 and a quick ratio of 2.08. The business’s fifty day moving average price is GBX 136.99 and its two-hundred day moving average price is GBX 109.18. Ecora Resources has a fifty-two week low of GBX 48 and a fifty-two week high of GBX 155.20. The stock has a market capitalization of £311.32 million, a price-to-earnings ratio of -10.40, a price-to-earnings-growth ratio of 0.12 and a beta of 0.53.

About Ecora Resources

Ecora Royalties is a leading critical minerals focused royalty and streaming company.

Copper is at the core of our portfolio which also includes other commodities linked to the trend of electrification, energy transition, infrastructure renewal and urbanisation, digital infrastructure, robotics and energy security.

Our cash generative portfolio includes producing royalties and streams and has a strong organic growth profile driven by royalties and streams already acquired and expected to generate substantial additional cash flow within the next five years.