Ecora Resources (LON:ECOR) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Ecora Resources PLC (LON:ECOR) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 143.45 and traded as high as GBX 164. Ecora Resources shares last traded at GBX 162, with a volume of 664,961 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ECOR. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 195 target price on shares of Ecora Resources in a research report on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 185 price target on shares of Ecora Resources in a research note on Monday, June 15th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 190 target price on shares of Ecora Resources in a report on Wednesday, September 2nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 190.

Ecora Resources Price Performance

The company has a market capitalization of £427.69 million, a P/E ratio of 8.56, a PEG ratio of 0.12 and a beta of 0.49. The stock’s fifty day simple moving average is GBX 154.35 and its 200-day simple moving average is GBX 143.65. The company has a debt-to-equity ratio of 17.90, a current ratio of 1.77 and a quick ratio of 2.08.

Ecora Resources Company Profile

Ecora Royalties is a leading critical minerals focused royalty and streaming company.

Copper is at the core of our portfolio which also includes other commodities linked to the trend of electrification, energy transition, infrastructure renewal and urbanisation, digital infrastructure, robotics and energy security.

Our cash generative portfolio includes producing royalties and streams and has a strong organic growth profile driven by royalties and streams already acquired and expected to generate substantial additional cash flow within the next five years.