Ecora Resources (LON:ECOR) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of Ecora Resources PLC (LON:ECOR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 110.93 and traded as high as GBX 134. Ecora Resources shares last traded at GBX 130, with a volume of 2,473,776 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently commented on ECOR. Royal Bank Of Canada reissued a “buy” rating and issued a GBX 175 price objective on shares of Ecora Resources in a research note on Wednesday, March 18th. Berenberg Bank reiterated a “buy” rating and set a GBX 150 price target on shares of Ecora Resources in a report on Friday, January 23rd. Finally, Canaccord Genuity Group raised their price objective on Ecora Resources from GBX 155 to GBX 185 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 170.

Ecora Resources Stock Performance

The company’s 50 day simple moving average is GBX 137.20 and its 200 day simple moving average is GBX 110.93. The company has a debt-to-equity ratio of 31.55, a quick ratio of 2.08 and a current ratio of 2.49. The stock has a market cap of £324.29 million, a PE ratio of -10.83, a price-to-earnings-growth ratio of 0.12 and a beta of 0.53.

Ecora Resources Company Profile

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.