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

Berenberg Bank reiterated their buy rating on shares of Ecora Resources (LON:ECOR) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 150 ($1.95) price target on the stock.

ECOR has been the subject of several other research reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 150 ($1.95) price target on shares of Ecora Resources in a research report on Wednesday, September 4th. Royal Bank of Canada upped their target price on shares of Ecora Resources from GBX 100 ($1.30) to GBX 120 ($1.56) and gave the company an “outperform” rating in a research report on Thursday, September 5th.

Ecora Resources Price Performance

Ecora Resources stock opened at GBX 63.60 ($0.83) on Wednesday. The stock has a market cap of £158.11 million, a price-to-earnings ratio of 1,060.00, a P/E/G ratio of 0.12 and a beta of 0.62. Ecora Resources has a 12-month low of GBX 54.20 ($0.70) and a 12-month high of GBX 101 ($1.31). The company has a quick ratio of 2.08, a current ratio of 3.04 and a debt-to-equity ratio of 21.86. The business’s 50-day simple moving average is GBX 65.30 and its 200 day simple moving average is GBX 71.70.

Ecora Resources Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, January 2nd. This represents a dividend yield of 2.24%. Ecora Resources’s payout ratio is currently 8,333.33%.

Insider Activity

In other news, insider Marc Bishop Lafleche acquired 100,000 shares of Ecora Resources stock in a transaction that occurred on Thursday, October 24th. The shares were acquired at an average price of GBX 63 ($0.82) per share, with a total value of £63,000 ($81,796.94). 21.91% of the stock is currently owned by company insiders.

About Ecora Resources

Ecora Resources PLC operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, coking coal, calcium carbonate, chromite, gold, and silver.