Ecora Resources' (ECOR) "Buy" Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Ecora Resources with a price target of GBX 120, suggesting a potential upside of 57.69%.
• Canaccord Genuity Group also reiterated a "buy" rating for Ecora Resources, setting a higher price target of GBX 150, indicating strong analyst support for the stock.
• Ecora Resources shares have recently traded up 3.7%, with analysts noting an average consensus target price of GBX 135.

Berenberg Bank reaffirmed their buy rating on shares of Ecora Resources (LON:ECOR - Free Report) in a report issued on Monday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 120 price objective on the stock.

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 150 price target on shares of Ecora Resources in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of GBX 135.

Ecora Resources Stock Down 1.3%

LON:ECOR traded down GBX 1 during midday trading on Monday, reaching GBX 74. The company had a trading volume of 2,323,181 shares, compared to its average volume of 503,901. The firm has a market capitalization of £183.96 million, a price-to-earnings ratio of -616.67, a PEG ratio of 0.12 and a beta of 0.62. The stock's fifty day simple moving average is GBX 69.08 and its 200-day simple moving average is GBX 62.32. Ecora Resources has a 12-month low of GBX 48 and a 12-month high of GBX 80.40. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68.

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.