Ecora Resources (LON:ECOR) Reaches New 1-Year High – Still a Buy?

Shares of Ecora Resources PLC (LON:ECOR) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 180 and last traded at GBX 177, with a volume of 899654 shares traded. The stock had previously closed at GBX 167.80.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 185 price objective on shares of Ecora Resources in a research note on Monday, June 15th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 195 price target on shares of Ecora Resources in a research note on Wednesday. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 190 price objective on shares of Ecora Resources in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 190.

Ecora Resources Stock Performance

The company’s 50-day simple moving average is GBX 145.47 and its 200-day simple moving average is GBX 141.03. The stock has a market capitalization of £441.53 million, a price-to-earnings ratio of 19.93, a PEG ratio of 0.12 and a beta of 0.47. 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 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.