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

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 185 price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 47.29% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Berenberg Bank lowered 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. Royal Bank Of Canada restated a “buy” rating and set a GBX 175 price objective on shares of Ecora Resources in a research note on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 180.

Ecora Resources Stock Performance

Shares of ECOR stock opened at GBX 125.60 on Thursday. Ecora Resources has a 12 month low of GBX 48 and a 12 month high of GBX 155.20. The company’s fifty day simple moving average is GBX 137.20 and its 200-day simple moving average is GBX 110.93. The firm has a market cap of £313.31 million, a PE ratio of -10.47, a P/E/G ratio of 0.12 and a beta of 0.53. The company has a quick ratio of 2.08, a current ratio of 2.49 and a debt-to-equity ratio of 31.55.

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.