Ecora Resources (LON:ECOR) Hits New 1-Year High - Time to Buy?

Key Points

• Ecora Resources reached a new 52-week high, trading as high as GBX 172.20 before closing at GBX 165.89, with more than 818,000 shares changing hands.
• Analysts remain bullish: RBC and Berenberg maintained “outperform” and “buy” ratings, while Canaccord raised its target to GBX 195. The consensus rating is “Buy,” with an average price target of GBX 190.
• Insiders recently purchased shares, including more than 5,500 shares each by Marc Bishop Lafleche and Kevin Flynn; insiders collectively own 8.41% of the company.

Ecora Resources PLC (LON:ECOR - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 172.20 and last traded at GBX 165.89, with a volume of 818227 shares trading hands. The stock had previously closed at GBX 168.

Analyst Upgrades and Downgrades

ECOR has been the subject of a number of research reports. Royal Bank Of Canada restated an "outperform" rating and set a GBX 185 target price on shares of Ecora Resources in a research report on Monday, June 15th. Berenberg Bank reiterated a "buy" rating and issued a GBX 190 price target on shares of Ecora Resources in a research report on Wednesday, July 29th. Finally, Canaccord Genuity Group raised their price objective on shares of Ecora Resources from GBX 185 to GBX 195 and gave the stock a "buy" rating in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ecora Resources has a consensus rating of "Buy" and an average price target of GBX 190.

Ecora Resources Price Performance

The company has a market capitalization of £413.82 million, a price-to-earnings ratio of 18.68, a P/E/G ratio of 0.12 and a beta of 0.47. The company has a fifty day simple moving average of GBX 137.22 and a two-hundred day simple moving average of GBX 138.60. The company has a debt-to-equity ratio of 20.72, a quick ratio of 2.08 and a current ratio of 1.20.

Insiders Place Their Bets

In other Ecora Resources news, insider Marc Bishop Lafleche bought 5,560 shares of the company's stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of GBX 149 per share, for a total transaction of £8,284.40. Also, insider Kevin Flynn bought 5,550 shares of the company's stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of GBX 140 per share, with a total value of £7,770. 8.41% of the stock is owned by insiders.

About Ecora Resources

Ecora Royalties is a leading critical minerals focused royalty and streaming company. Copper is at the core of our portfolio which also includes other commodities linked to the trend of electrification, energy transition, infrastructure renewal and urbanisation, digital infrastructure, robotics and energy security. Our cash generative portfolio includes producing royalties and streams and has a strong organic growth profile driven by royalties and streams already acquired and expected to generate substantial additional cash flow within the next five years.

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