Ecora Resources (LON:ECOR) Earns Outperform Rating from Royal Bank Of Canada

Ecora Resources (LON:ECOR)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued on Monday,Digital Look reports. They currently have a GBX 185 target price on the stock. Royal Bank Of Canada’s target price points to a potential upside of 33.93% from the company’s previous close.

Several other equities research analysts have also recently weighed in on ECOR. Canaccord Genuity Group restated a “buy” rating and issued a GBX 185 price objective on shares of Ecora Resources in a research report on Wednesday, April 29th. Berenberg Bank reissued a “buy” rating and set a GBX 180 price target on shares of Ecora Resources in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 183.33.

Ecora Resources Price Performance

Shares of ECOR stock traded down GBX 1.27 during trading hours on Monday, hitting GBX 138.13. 214,595 shares of the company’s stock were exchanged, compared to its average volume of 1,950,384. Ecora Resources has a 52 week low of GBX 61.48 and a 52 week high of GBX 155.20. The stock has a market cap of £344.58 million, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 0.12 and a beta of 0.47. The company has a debt-to-equity ratio of 20.72, a current ratio of 1.20 and a quick ratio of 2.08. The stock’s 50-day moving average is GBX 140.85 and its 200-day moving average is GBX 131.94.

Insider Buying and Selling at Ecora Resources

In related news, insider Marc Bishop Lafleche purchased 5,560 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of GBX 149 per share, for a total transaction of £8,284.40. Also, insider Kevin Flynn bought 5,550 shares of the stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of GBX 140 per share, for a total transaction of £7,770. Insiders own 8.41% of the company’s stock.

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.