Berenberg Bank Reaffirms "Buy" Rating for Ecora Resources (LON:ECOR)

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Ecora Resources, with a price target of GBX 120, indicating a potential upside of 38.32% from the stock's previous close.
• Ecora Resources' stock recently rose by 2.3%, reaching GBX 86.75, with a trading volume significantly higher than its average.
• Two analysts currently rate Ecora Resources as a "buy," which contributes to an overall consensus rating of "buy" with an average price target of GBX 135.

Ecora Resources (LON:ECOR - Get Free Report)'s stock had its "buy" rating reissued by analysts at Berenberg Bank in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 120 price target on the stock. Berenberg Bank's price target points to a potential upside of 38.32% from the stock's previous close.

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 150 target price on shares of Ecora Resources in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 135.

Ecora Resources Stock Up 2.3%

LON:ECOR traded up GBX 1.95 during mid-day trading on Tuesday, hitting GBX 86.75. The company had a trading volume of 699,679 shares, compared to its average volume of 492,589. The business has a fifty day simple moving average of GBX 73.74 and a 200-day simple moving average of GBX 64.51. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68. Ecora Resources has a 1 year low of GBX 48 and a 1 year high of GBX 87.27. The firm has a market capitalization of £216.07 million, a price-to-earnings ratio of -722.95, a PEG ratio of 0.12 and a beta of 0.62.

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.

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