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

Ecora Resources logo with Basic Materials background

Key Points

  • Ecora Resources (LON:ECOR) received a "buy" rating from Canaccord Genuity Group, with a price target of GBX 150, indicating a potential upside of 72.15%.
  • Berenberg Bank also restated a "buy" rating for Ecora Resources, setting a price target of GBX 120. The stock has an average target price of GBX 135.
  • Ecora Resources has a market capitalization of £217.01 million and operates with a debt-to-equity ratio of 22.68, reflecting its financial leverage.
  • MarketBeat previews top five stocks to own in November.

Ecora Resources (LON:ECOR - Get Free Report)'s stock had its "buy" rating restated by research analysts at Canaccord Genuity Group in a research note issued on Friday,Digital Look reports. They currently have a GBX 150 price target on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 72.15% from the company's current price.

Separately, Berenberg Bank restated a "buy" rating and set a GBX 120 price target on shares of Ecora Resources in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 135.

Check Out Our Latest Stock Report on ECOR

Ecora Resources Stock Performance

LON:ECOR opened at GBX 87.13 on Friday. The stock's fifty day moving average is GBX 74.30 and its 200 day moving average is GBX 64.82. Ecora Resources has a fifty-two week low of GBX 48 and a fifty-two week high of GBX 87.57. The firm has a market capitalization of £217.01 million, a PE ratio of -726.12, a PEG ratio of 0.12 and a beta of 0.62. The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60.

Ecora Resources Company Profile

(Get Free Report)

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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