Ecora Resources (LON:ECOR) Earns “Buy” Rating from Berenberg Bank

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 190 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 10.87% from the stock’s previous close.

A number of other research firms have also weighed in on ECOR. Canaccord Genuity Group raised their price objective on shares of Ecora Resources from GBX 185 to GBX 195 and gave the company a “buy” rating in a research note on Friday, July 31st. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 185 target price on shares of Ecora Resources in a report on Monday, June 15th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 190.

Ecora Resources Stock Performance

Shares of ECOR stock opened at GBX 171.38 on Wednesday. The firm has a market capitalization of £427.50 million, a PE ratio of 19.30, a price-to-earnings-growth ratio of 0.12 and a beta of 0.47. The firm has a fifty day simple moving average of GBX 145.47 and a two-hundred day simple moving average of GBX 141.03. The company has a current ratio of 1.20, a quick ratio of 2.08 and a debt-to-equity ratio of 20.72. Ecora Resources has a 12 month low of GBX 72.30 and a 12 month high of GBX 178.

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.