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Berenberg Bank Lowers Ecora Resources (LON:ECOR) Price Target to GBX 120

Ecora Resources logo with Basic Materials background

Ecora Resources (LON:ECOR - Get Free Report) had its price objective reduced by equities research analysts at Berenberg Bank from GBX 130 ($1.75) to GBX 120 ($1.61) in a research report issued on Monday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price objective would indicate a potential upside of 82.43% from the stock's previous close.

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 150 ($2.01) target price on shares of Ecora Resources in a research report on Wednesday, April 23rd.

Get Our Latest Analysis on ECOR

Ecora Resources Stock Performance

Ecora Resources stock traded up GBX 1.68 ($0.02) during mid-day trading on Monday, reaching GBX 65.78 ($0.88). 305,538 shares of the stock traded hands, compared to its average volume of 463,119. The company has a debt-to-equity ratio of 22.68, a current ratio of 0.60 and a quick ratio of 2.08. The business's 50-day moving average is GBX 61.44 and its 200-day moving average is GBX 60.12. The stock has a market capitalization of £202.23 million, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. Ecora Resources has a 12-month low of GBX 48 ($0.64) and a 12-month high of GBX 74.13 ($1.00).

About Ecora Resources

(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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