Ecora Resources PLC (LON:ECOR) Raises Dividend to $0.26 Per Share

Ecora Resources PLC (LON:ECOR) announced a dividend on Thursday, March 27th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, July 24th will be given a dividend of $0.26 per share on Sunday, August 10th. This represents a dividend yield of 5.29%. The ex-dividend date is Thursday, July 24th. This is a 1,423.5% increase from Ecora Resources’s previous dividend of $0.02. The official announcement can be viewed at this link.

Ecora Resources Stock Down 1.0 %

Shares of ECOR stock opened at GBX 59.90 ($0.78) on Friday. Ecora Resources has a one year low of GBX 54.20 ($0.70) and a one year high of GBX 88.90 ($1.15). The company has a debt-to-equity ratio of 22.68, a current ratio of 0.60 and a quick ratio of 2.08. The stock has a fifty day moving average price of GBX 61.71 and a 200 day moving average price of GBX 63.67. The stock has a market cap of £184.16 million, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ECOR shares. Canaccord Genuity Group raised their price objective on shares of Ecora Resources from GBX 140 ($1.81) to GBX 145 ($1.88) and gave the stock a “buy” rating in a report on Friday, January 31st. Berenberg Bank restated a “buy” rating and set a GBX 130 ($1.68) price target on shares of Ecora Resources in a research note on Thursday.

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.