Ecora Resources (LON:ECOR) Given New GBX 120 Price Target at Berenberg Bank

Ecora Resources (LON:ECOR - Get Free Report) had its price target dropped by investment analysts at Berenberg Bank from GBX 130 ($1.74) to GBX 120 ($1.61) in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price points to a potential upside of 81.27% from the company's current price.

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

Ecora Resources Price Performance

Shares of ECOR stock traded up GBX 1 ($0.01) during trading on Monday, hitting GBX 66.20 ($0.89). The company had a trading volume of 238,335 shares, compared to its average volume of 488,428. 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 stock's 50-day moving average is GBX 62.39 and its two-hundred day moving average is GBX 60.22. The stock has a market capitalization of £203.52 million, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. Ecora Resources has a 52 week low of GBX 48 ($0.64) and a 52 week high of GBX 74.13 ($1.00).

Ecora Resources Company Profile

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.