Ecora Resources (LON:ECOR) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Ecora Resources PLC (LON:ECOR) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 131.34 and traded as high as GBX 139. Ecora Resources shares last traded at GBX 134.40, with a volume of 564,011 shares.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ECOR shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 185 target price on shares of Ecora Resources in a research report on Wednesday, April 29th. Royal Bank Of Canada restated a “buy” rating and issued a GBX 175 target price on shares of Ecora Resources in a research report on Wednesday, March 18th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 180 target price on shares of Ecora Resources in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ecora Resources currently has a consensus rating of “Buy” and an average price target of GBX 180.

Ecora Resources Price Performance

The stock has a market capitalization of £335.26 million, a price-to-earnings ratio of 15.14, a P/E/G ratio of 0.12 and a beta of 0.47. The company has a quick ratio of 2.08, a current ratio of 1.20 and a debt-to-equity ratio of 20.72. The business has a 50-day simple moving average of GBX 140.95 and a two-hundred day simple moving average of GBX 131.34.

Insider Buying and Selling at Ecora Resources

In related news, insider Kevin Flynn purchased 5,550 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of GBX 140 per share, with a total value of £7,770. Also, insider Marc Bishop Lafleche purchased 5,560 shares of the company’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of GBX 149 per share, for a total transaction of £8,284.40. 8.41% of the stock is currently owned by corporate insiders.

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.