Ecora Resources (LON:ECOR) Sets New 12-Month High – Still a Buy?

Shares of Ecora Resources PLC (LON:ECOR) reached a new 52-week high on Monday . The stock traded as high as GBX 172.40 and last traded at GBX 169.40, with a volume of 553977 shares traded. The stock had previously closed at GBX 169.60.

Analysts Set New Price Targets

ECOR has been the topic of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 185 target price on shares of Ecora Resources in a research report on Monday, June 15th. Canaccord Genuity Group upped their price target on Ecora Resources from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 190 price target on shares of Ecora Resources in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 190.

Ecora Resources Stock Down 0.1%

The firm’s 50-day simple moving average is GBX 141.13 and its 200 day simple moving average is GBX 139.48. The company has a debt-to-equity ratio of 20.72, a quick ratio of 2.08 and a current ratio of 1.20. The stock has a market capitalization of £422.57 million, a P/E ratio of 19.08, a PEG ratio of 0.12 and a beta of 0.47.

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.