Ecora Resources’ (ECOR) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Ecora Resources (LON:ECOR) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. They currently have a GBX 160 ($1.98) target price on the stock.

Separately, Berenberg Bank reaffirmed a buy rating and set a GBX 150 ($1.85) price objective on shares of Ecora Resources in a research report on Wednesday, March 27th.

Ecora Resources Stock Up 2.3 %

LON:ECOR opened at GBX 83.10 ($1.03) on Wednesday. Ecora Resources has a 1 year low of GBX 69.40 ($0.86) and a 1 year high of GBX 125.40 ($1.55). The company has a current ratio of 0.49, a quick ratio of 2.08 and a debt-to-equity ratio of 10.43. The stock has a market cap of £214.31 million, a price-to-earnings ratio of -1,662.00, a PEG ratio of 0.12 and a beta of 0.71. The stock has a 50-day moving average price of GBX 77.18 and a two-hundred day moving average price of GBX 86.01.

Ecora Resources Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 14th. Stockholders of record on Thursday, January 11th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, January 11th. This represents a dividend yield of 1.46%. Ecora Resources’s dividend payout ratio is currently -14,000.00%.

Insider Transactions at Ecora Resources

In other news, insider Marc Bishop Lafleche acquired 65,005 shares of Ecora Resources stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of GBX 77 ($0.95) per share, with a total value of £50,053.85 ($61,825.41). 18.74% of the stock is owned by insiders.

Ecora Resources Company Profile

Ecora Resources PLC operates as a natural resource royalty and streaming company. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, calcium carbonate, chromite, gold, and silver primarily in Australia, North and South America, Europe, and internationally.