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

Ecora Resources (LON:ECOR - Get Free Report)'s stock had its "buy" rating restated by research analysts at Berenberg Bank in a report issued on Thursday,Digital Look reports. They currently have a GBX 130 ($1.78) price objective on the stock. Berenberg Bank's price objective would indicate a potential upside of 105.83% from the company's current price.

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 150 ($2.05) target price on shares of Ecora Resources in a research report on Wednesday, April 23rd.

Ecora Resources Price Performance

Shares of LON ECOR traded up GBX 0.06 ($0.00) during midday trading on Thursday, reaching GBX 63.16 ($0.86). 159,102 shares of the company traded hands, compared to its average volume of 475,424. Ecora Resources has a 12 month low of GBX 48 ($0.66) and a 12 month high of GBX 74.13 ($1.01). 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 stock's 50-day simple moving average is GBX 60.18 and its 200-day simple moving average is GBX 60.12. The firm has a market cap of £194.18 million, a PE ratio of 8.33, 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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