Ecora Resources (LON:ECOR) Hits New 1-Year High – Time to Buy?

by · The Markets Daily

Ecora Resources PLC (LON:ECOR – Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as GBX 117 and last traded at GBX 113.40, with a volume of 654817 shares traded. The stock had previously closed at GBX 113.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 120 price objective on shares of Ecora Resources in a research report on Tuesday, September 30th. Canaccord Genuity Group lifted their target price on Ecora Resources from GBX 150 to GBX 155 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 137.50.

Get Our Latest Stock Analysis on Ecora Resources

Ecora Resources Price Performance

The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60. The company has a market cap of £285.92 million, a P/E ratio of -9.57, a P/E/G ratio of 0.12 and a beta of 0.62. The firm’s fifty day moving average is GBX 100.37 and its two-hundred day moving average is GBX 83.09.

Insider Transactions at Ecora Resources

In other Ecora Resources news, insider Christine Coignard purchased 11,400 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average cost of GBX 92 per share, with a total value of £10,488. Also, insider Kevin Flynn acquired 21,175 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were bought at an average cost of GBX 95 per share, with a total value of £20,116.25. Insiders acquired a total of 64,575 shares of company stock valued at $6,036,425 over the last 90 days. 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. We will achieve this
through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and
shareholder returns.

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