Berenberg Bank Has Lowered Expectations for Ecora Resources (LON:ECOR) Stock Price

Ecora Resources (LON:ECOR) had its target price reduced by equities research analysts at Berenberg Bank from GBX 190 to GBX 180 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 39.75% from the stock’s current price.

A number of other brokerages have also recently issued reports on ECOR. Canaccord Genuity Group upped their target price on shares of Ecora Resources from GBX 155 to GBX 185 and gave the company a “buy” rating in a report on Wednesday, January 28th. Royal Bank Of Canada reissued a “buy” rating and set a GBX 175 price target on shares of Ecora Resources in a research report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 180.

Ecora Resources Price Performance

Shares of ECOR stock opened at GBX 128.80 on Thursday. The stock has a market cap of £321.30 million, a P/E ratio of -10.73, a P/E/G ratio of 0.12 and a beta of 1.16. The company has a fifty day moving average price of GBX 137.13 and a two-hundred day moving average price of GBX 111.40. Ecora Resources has a one year low of GBX 48 and a one year high of GBX 155.20.

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.