Ecora Resources (LON:ECOR) Price Target Raised to GBX 185 at Canaccord Genuity Group

Ecora Resources (LON:ECOR) had its price target boosted by Canaccord Genuity Group from GBX 155 to GBX 185 in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 25.34% from the stock’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 150 price objective on shares of Ecora Resources in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 167.50.

Ecora Resources Stock Performance

Shares of Ecora Resources stock traded up GBX 3.80 during trading on Wednesday, reaching GBX 147.60. The company’s stock had a trading volume of 1,145,746 shares, compared to its average volume of 1,154,885. The business’s 50-day moving average price is GBX 114.61 and its 200-day moving average price is GBX 91.99. Ecora Resources has a 52 week low of GBX 48 and a 52 week high of GBX 155. 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 firm has a market cap of £367.61 million, a PE ratio of -12.30, a P/E/G ratio of 0.12 and a beta of 0.62.

Insiders Place Their Bets

In other Ecora Resources news, insider Kevin Flynn purchased 21,175 shares of the stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of GBX 95 per share, for a total transaction of £20,116.25. Also, insider Christine Coignard bought 11,400 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average price of GBX 92 per share, with a total value of £10,488. In the last quarter, insiders have purchased 64,575 shares of company stock valued at $6,036,425. Insiders own 8.37% of the company’s stock.

About Ecora Resources

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.