Ecora Resources (LON:ECOR) Hits New 12-Month High - What's Next?

Key Points

• Ecora Resources shares reached a new 52-week high of GBX 77.40 ($1.05), closing at GBX 75.10 ($1.02) on Tuesday.
• Analysts have given Ecora Resources a consensus rating of "Buy" with a target price averaging GBX 135, indicating potential for growth.
• The company has a debt-to-equity ratio of 22.68 and a market capitalization of £186.70 million, reflecting its financial structure and market position.

Ecora Resources PLC (LON:ECOR - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 77.40 ($1.05) and last traded at GBX 75.10 ($1.01), with a volume of 641822 shares traded. The stock had previously closed at GBX 73.40 ($0.99).

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ECOR shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 120 price target on shares of Ecora Resources in a research note on Monday, September 1st. Canaccord Genuity Group restated a "buy" rating and issued a GBX 150 price objective on shares of Ecora Resources in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 135.

Ecora Resources Stock Down 1.3%

The company has a market capitalization of £183.96 million, a PE ratio of -616.67, a P/E/G 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 company's 50-day moving average is GBX 69.08 and its 200 day moving average is GBX 62.33.

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.