Ecora Resources (LON:ECOR) Sets New 12-Month High – Still a Buy?

Ecora Resources PLC (LON:ECOR) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 114 and last traded at GBX 113.60, with a volume of 1745753 shares changing hands. The stock had previously closed at GBX 110.80.

Analysts Set New Price Targets

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

Ecora Resources Price Performance

The stock has a market cap of £282.93 million, a PE ratio of -9.47, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. 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 company’s fifty day moving average is GBX 97.06 and its 200 day moving average is GBX 80.59.

Insiders Place Their Bets

In related news, insider Marc Bishop Lafleche purchased 32,000 shares of Ecora Resources stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average cost of GBX 93 per share, with a total value of £29,760. Also, insider Christine Coignard purchased 11,400 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was bought at an average price of GBX 92 per share, with a total value of £10,488. Insiders have purchased a total of 64,575 shares of company stock worth $6,036,425 over the last quarter. 8.37% of the stock is owned by corporate insiders.

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.