Berenberg Bank Cuts Ecora Resources (LON:ECOR) Price Target to GBX 180

Ecora Resources (LON:ECOR) had its price objective lowered by Berenberg Bank from GBX 190 to GBX 180 in a research note published on Thursday morning, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

ECOR has been the subject of a number of other research reports. Royal Bank Of Canada restated a “buy” rating and issued a GBX 175 price objective on shares of Ecora Resources in a research note on Wednesday, March 18th. Canaccord Genuity Group lifted their price target on Ecora Resources from GBX 155 to GBX 185 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 180.

Ecora Resources Trading Up 1.4%

Ecora Resources 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 PEG ratio of 0.12 and a beta of 1.16. The firm’s 50 day moving average price is GBX 137.13 and its 200-day moving average price is GBX 111.64. The company has a debt-to-equity ratio of 20.72, a current ratio of 1.20 and a quick ratio of 2.08. Ecora Resources has a 1 year low of GBX 48 and a 1 year high of GBX 155.20.

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.