Ecora Resources (LON:ECOR) Receives Buy Rating from Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reaffirmed a "buy" rating for Ecora Resources (LON:ECOR) with a target price of GBX 150, indicating a potential upside of 97.11% from its previous close.
• Berenberg Bank also reiterated a "buy" rating for the stock with a target price of GBX 120, contributing to an average consensus price target of GBX 135 among analysts.
• Ecora Resources has a market capitalization of £189.18 million and reported a 52-week trading range between GBX 48 and GBX 77.30, showing significant price movement potential.

Ecora Resources (LON:ECOR - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have a GBX 150 target price on the stock. Canaccord Genuity Group's target price indicates a potential upside of 102.70% from the company's current price.

Separately, Berenberg Bank restated a "buy" rating and set a GBX 120 price objective on shares of Ecora Resources in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ecora Resources has a consensus rating of "Buy" and a consensus price target of GBX 135.

Ecora Resources Stock Performance

Shares of LON:ECOR traded down GBX 1 during trading on Tuesday, reaching GBX 74. 2,323,181 shares of the stock were exchanged, compared to its average volume of 503,901. Ecora Resources has a 12 month low of GBX 48 and a 12 month high of GBX 80.40. The firm has a market cap of £183.96 million, a PE ratio of -616.67, a PEG ratio of 0.12 and a beta of 0.62. The stock has a 50-day moving average price of GBX 69.08 and a 200-day moving average price of GBX 62.32. 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.