Ecora Resources (LON:ECOR) Reaches New 12-Month High - Here's Why

Key Points

• Ecora Resources shares reached a new 52-week high of GBX 159.40, up from the previous close of GBX 149.80, with the stock last trading at GBX 156.47.
• Analysts remain bullish: Canaccord Genuity raised its price target to GBX 195, while RBC and Berenberg maintained “outperform” or “buy” ratings. The consensus rating is “Buy,” with an average target of GBX 190.
• Company insiders recently purchased shares, and insiders own 8.41% of Ecora Resources. The company focuses on critical-mineral royalties and streaming, with copper central to its portfolio.

Ecora Resources PLC (LON:ECOR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 159.40 and last traded at GBX 156.47, with a volume of 739832 shares trading hands. The stock had previously closed at GBX 149.80.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ECOR. Canaccord Genuity Group upped their target price on shares of Ecora Resources from GBX 185 to GBX 195 and gave the company a "buy" rating in a research report on Friday, July 31st. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 185 price objective on shares of Ecora Resources in a research note on Monday, June 15th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 190 price objective on shares of Ecora Resources in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of GBX 190.

Ecora Resources Stock Up 4.5%

The company has a 50-day simple moving average of GBX 135.58 and a 200 day simple moving average of GBX 137.80. The company has a market cap of £390.33 million, a P/E ratio of 17.62, a P/E/G ratio of 0.12 and a beta of 0.47. The company has a current ratio of 1.20, a quick ratio of 2.08 and a debt-to-equity ratio of 20.72.

Insider Transactions at Ecora Resources

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

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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