Ecora Resources (LON:ECOR) Hits New 12-Month High - Time to Buy?

Key Points

• Ecora Resources PLC shares have reached a new 52-week high, trading at GBX 76.60 ($1.03) during Tuesday's session.
• Brokerages including Canaccord Genuity and Berenberg Bank have issued buy ratings with target prices of GBX 150 and GBX 120, respectively.
• The company maintains a market cap of £221.97 million, with a price-to-earnings ratio of 9.53, indicating strong market confidence in the stock's future performance.

Ecora Resources PLC (LON:ECOR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 76.60 ($1.04) and last traded at GBX 72.20 ($0.98), with a volume of 1426006 shares. The stock had previously closed at GBX 74.50 ($1.01).

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ECOR. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 150 target price on shares of Ecora Resources in a research report on Wednesday, July 23rd. Berenberg Bank reiterated a "buy" rating and issued a GBX 120 price objective on shares of Ecora Resources in a report on Wednesday, July 23rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 135.

Ecora Resources Stock Performance

The stock has a market cap of £223.20 million, a PE ratio of 9.58, a P/E/G ratio of 0.12 and a beta of 0.62. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68. The stock has a 50-day moving average of GBX 67.59 and a 200 day moving average of GBX 61.60.

Ecora Resources Company Profile

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.