Ecora Resources (LON:ECOR) Earns Buy Rating from Canaccord Genuity Group

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a report issued on Thursday, Marketbeat.com reports. They currently have a GBX 185 price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 43.63% from the company’s current price.

ECOR has been the topic of a number of other research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a GBX 175 target price on shares of Ecora Resources in a research report on Wednesday, March 18th. Berenberg Bank reduced their price target on shares of Ecora Resources from GBX 190 to GBX 180 and set a “buy” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ecora Resources presently has a consensus rating of “Buy” and an average price target of GBX 180.

Ecora Resources Stock Performance

Ecora Resources stock opened at GBX 128.80 on Thursday. Ecora Resources has a 52 week low of GBX 48 and a 52 week high of GBX 155.20. The stock has a market capitalization of £321.30 million, a P/E ratio of -10.73, a price-to-earnings-growth ratio of 0.12 and a beta of 1.16. The stock has a fifty day moving average of GBX 137.13 and a 200-day moving average of GBX 111.40.

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.