Ecora Resources (LON:ECOR) Receives Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Ecora Resources (LON:ECOR) in a research note released on Wednesday morning, MarketBeat.com reports. They currently have a GBX 150 ($1.90) price objective on the stock.

Ecora Resources Stock Performance

Shares of LON ECOR opened at GBX 76 ($0.96) on Wednesday. The company has a market cap of £196.00 million, a PE ratio of -1,520.00, a price-to-earnings-growth ratio of 0.12 and a beta of 0.71. Ecora Resources has a 12 month low of GBX 69.40 ($0.88) and a 12 month high of GBX 128.80 ($1.63). The company has a debt-to-equity ratio of 10.43, a current ratio of 0.49 and a quick ratio of 2.08. The company has a 50-day simple moving average of GBX 79.37 and a 200-day simple moving average of GBX 89.64.

Ecora Resources Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, January 11th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a yield of 1.46%. Ecora Resources’s payout ratio is -14,000.00%.

Insider Activity at Ecora Resources

In related news, insider Marc Bishop Lafleche bought 65,005 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of GBX 77 ($0.97) per share, for a total transaction of £50,053.85 ($63,255.21). 18.74% of the stock is owned by insiders.

Ecora Resources Company Profile

Ecora Resources PLC operates as a natural resource royalty and streaming company. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, calcium carbonate, chromite, gold, and silver primarily in Australia, North and South America, Europe, and internationally.