Ecora Resources (LON:ECOR) Sets New 52-Week High – Should You Buy?

Ecora Resources PLC (LON:ECOR) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 111.60 and last traded at GBX 109.60, with a volume of 1414630 shares trading hands. The stock had previously closed at GBX 107.20.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ECOR shares. Canaccord Genuity Group boosted their price target on Ecora Resources from GBX 150 to GBX 155 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Berenberg Bank reissued a “buy” rating and issued a GBX 120 target price on shares of Ecora Resources in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 137.50.

Ecora Resources Price Performance

The firm has a market capitalization of £272.96 million, a PE ratio of -9.13, a PEG ratio of 0.12 and a beta of 0.62. The company has a fifty day moving average price of GBX 95.09 and a 200-day moving average price of GBX 78.60. The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60.

Insider Buying and Selling

In other Ecora Resources news, insider Marc Bishop Lafleche purchased 32,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average price of GBX 93 per share, with a total value of £29,760. Also, insider Christine Coignard acquired 11,400 shares of the stock in a transaction on Friday, November 14th. The shares were acquired at an average price of GBX 92 per share, with a total value of £10,488. Over the last 90 days, insiders have acquired 64,575 shares of company stock worth $6,036,425. Insiders own 8.37% of the company’s stock.

Ecora Resources Company Profile

Ecora Resources is a leading royalty company focused on supporting the supply of commodities essential to creating
a sustainable future. The company is listed on both the London and Toronto Stock Exchange.
Our vision is to be globally recognised as the royalty company of choice synonymous with commodities that support a
sustainable future by continuing to grow and diversify our royalty portfolio in line with our strategy.