Ecora Resources (LON:ECOR) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Ecora Resources PLC (LON:ECOR) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 144.87 and traded as high as GBX 172.80. Ecora Resources shares last traded at GBX 168.60, with a volume of 300,462 shares trading hands.

Analyst Upgrades and Downgrades

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

Ecora Resources Stock Performance

The stock’s fifty day moving average price is GBX 159.62 and its two-hundred day moving average price is GBX 145.03. The company has a debt-to-equity ratio of 17.90, a quick ratio of 2.08 and a current ratio of 1.77. The company has a market cap of £418.46 million, a P/E ratio of 8.37, a P/E/G ratio of 0.12 and a beta of 0.49.

About Ecora Resources

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.