Ecora Resources (LON:ECOR) Given New GBX 145 Price Target at Canaccord Genuity Group

Ecora Resources (LON:ECOR) had its target price hoisted by Canaccord Genuity Group from GBX 140 ($1.74) to GBX 145 ($1.80) in a research note released on Friday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 150 ($1.86) price objective on shares of Ecora Resources in a research note on Wednesday, October 23rd.

Ecora Resources Trading Down 2.1 %

Shares of Ecora Resources stock opened at GBX 61.90 ($0.77) on Friday. The company has a debt-to-equity ratio of 21.86, a current ratio of 3.04 and a quick ratio of 2.08. Ecora Resources has a 1 year low of GBX 54.20 ($0.67) and a 1 year high of GBX 93 ($1.15). The firm has a market cap of £153.88 million, a PE ratio of 1,031.67, a PEG ratio of 0.12 and a beta of 0.62. The company has a 50 day simple moving average of GBX 63.49 and a two-hundred day simple moving average of GBX 64.12.

Ecora Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.02 per share. This represents a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, January 2nd. Ecora Resources’s dividend payout ratio (DPR) is presently 8,333.33%.

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.