Ecora Resources (LON:ECOR) Sets New 52-Week High – What’s Next?

by · The Cerbat Gem

Ecora Resources PLC (LON:ECOR – Get Free Report)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 111.60 and last traded at GBX 109.60, with a volume of 1414630 shares changing hands. The stock had previously closed at GBX 107.20.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on Ecora Resources

Ecora Resources Stock Up 2.2%

The firm has a 50 day simple moving average of GBX 94.22 and a two-hundred day simple moving average of GBX 78.03. The stock has a market cap of £272.96 million, a price-to-earnings ratio of -9.13, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. The company has a debt-to-equity ratio of 22.68, a current ratio of 0.60 and a quick ratio of 2.08.

Insiders Place Their Bets

In other news, insider Kevin Flynn acquired 21,175 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average price of GBX 95 per share, for a total transaction of £20,116.25. Also, insider Marc Bishop Lafleche acquired 32,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average cost of GBX 93 per share, for a total transaction of £29,760. Over the last three months, insiders have bought 64,575 shares of company stock worth $6,036,425. Company insiders own 8.37% of the company’s stock.

Ecora Resources Company Profile

(Get Free Report)

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.

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