Ecora Resources’ (ECOR) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Ecora Resources (LON:ECOR) in a research report sent to investors on Thursday, MarketBeat reports. The firm currently has a GBX 130 ($1.68) price target on the stock.

Separately, Canaccord Genuity Group increased their price target on Ecora Resources from GBX 140 ($1.81) to GBX 145 ($1.88) and gave the company a “buy” rating in a report on Friday, January 31st.

Ecora Resources Trading Down 1.5 %

ECOR opened at GBX 59.60 ($0.77) on Thursday. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68. The stock has a fifty day moving average price of GBX 61.59 and a 200-day moving average price of GBX 63.67. Ecora Resources has a 12 month low of GBX 54.20 ($0.70) and a 12 month high of GBX 88.90 ($1.15). The firm has a market cap of £183.23 million, a price-to-earnings ratio of 7.86, a PEG ratio of 0.12 and a beta of 0.62.

Ecora Resources Increases Dividend

The company also recently declared a dividend, which will be paid on Sunday, August 10th. Stockholders of record on Thursday, July 24th will be paid a $0.26 dividend. This is a boost from Ecora Resources’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, July 24th. This represents a dividend yield of 5.29%. Ecora Resources’s dividend payout ratio is 65.97%.

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.