Ecora Resources (LON:ECOR) Sets New 1-Year High – Time to Buy?

Ecora Resources PLC (LON:ECOR)’s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 117 and last traded at GBX 113.40, with a volume of 654817 shares changing hands. The stock had previously closed at GBX 113.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of Ecora Resources from GBX 150 to GBX 155 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 120 price objective on shares of Ecora Resources in a report on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 137.50.

Ecora Resources Price Performance

The company has a 50-day moving average of GBX 99.26 and a 200 day moving average of GBX 82.38. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68. The stock has a market capitalization of £282.43 million, a PE ratio of -9.45, a PEG ratio of 0.12 and a beta of 0.62.

Insider Transactions at Ecora Resources

In other Ecora Resources news, insider Christine Coignard bought 11,400 shares of Ecora Resources stock in a transaction dated Friday, November 14th. The stock was acquired at an average cost of GBX 92 per share, for a total transaction of £10,488. Also, insider Marc Bishop Lafleche purchased 32,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of GBX 93 per share, for a total transaction of £29,760. Insiders acquired 64,575 shares of company stock valued at $6,036,425 over the last 90 days. 8.37% of the stock is currently owned by corporate insiders.

Ecora Resources Company Profile

Ecora Resources is a leading royalty company focused on supporting the supply of commodities essential to creating
a sustainable future. The company is listed on both the London and Toronto Stock Exchange.
Our vision is to be globally recognised as the royalty company of choice synonymous with commodities that support a
sustainable future by continuing to grow and diversify our royalty portfolio in line with our strategy. We will achieve this
through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and
shareholder returns.