Ecora Resources (LON:ECOR) Receives “Buy” Rating from Royal Bank Of Canada

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 175 price objective on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 35.87% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 150 target price on shares of Ecora Resources in a research note on Friday, January 23rd. Canaccord Genuity Group lifted their price target on shares of Ecora Resources from GBX 155 to GBX 185 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 170.

Ecora Resources Price Performance

Shares of LON ECOR traded down GBX 0.40 during trading on Wednesday, reaching GBX 128.80. The company had a trading volume of 900,311 shares, compared to its average volume of 1,510,498. The company has a current ratio of 2.49, a quick ratio of 2.08 and a debt-to-equity ratio of 31.55. Ecora Resources has a twelve month low of GBX 48 and a twelve month high of GBX 155.20. The stock has a 50-day moving average price of GBX 136.63 and a two-hundred day moving average price of GBX 108.93. The stock has a market capitalization of £321.30 million, a PE ratio of -10.73, a price-to-earnings-growth ratio of 0.12 and a beta of 0.53.

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.