Ecora Resources (LON:ECOR) Reaches New 52-Week High - Should You Buy?

Key Points

• Ecora Resources shares reached a new 52-week high, trading at GBX 83.70 ($1.12) during Monday's session, marking a significant increase from the previous closing price of GBX 79.90 ($1.07).
• Analysts have set a consensus rating of "Buy" on Ecora Resources, with target prices from Canaccord Genuity at GBX 150 and Berenberg Bank at GBX 120, indicating strong bullish sentiment on the stock.
• The company maintains a market capitalization of £207.46 million, with a notable PE ratio of -694.17, illustrating the company's current challenges in profitability.

Ecora Resources PLC (LON:ECOR - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 83.70 ($1.12) and last traded at GBX 83.30 ($1.12), with a volume of 573580 shares. The stock had previously closed at GBX 79.90 ($1.07).

Analysts Set New Price Targets

A number of analysts have commented on ECOR shares. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 150 target price on shares of Ecora Resources in a research report on Tuesday, September 2nd. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 120 price target on shares of Ecora Resources in a report on Monday, September 1st. 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.

Ecora Resources Stock Performance

The company has a market capitalization of £207.46 million, a PE ratio of -694.17, a price-to-earnings-growth 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. The stock's fifty day simple moving average is GBX 73.17 and its 200-day simple moving average is GBX 64.21.

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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