Canaccord Genuity Group Reiterates Buy Rating for Ecora Resources (LON:ECOR)

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 195 price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 13.78% from the company’s previous close.

Other analysts also recently issued reports about the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 190 price target on shares of Ecora Resources in a research note on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 185 price objective on shares of Ecora Resources in a research note on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ecora Resources presently has a consensus rating of “Buy” and a consensus price target of GBX 190.

Ecora Resources Price Performance

Shares of Ecora Resources stock opened at GBX 171.38 on Wednesday. The company has a debt-to-equity ratio of 20.72, a quick ratio of 2.08 and a current ratio of 1.20. Ecora Resources has a 52-week low of GBX 72.30 and a 52-week high of GBX 178. The company has a fifty day moving average of GBX 145.47 and a 200-day moving average of GBX 141.03. The stock has a market capitalization of £427.50 million, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 0.12 and a beta of 0.47.

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.