Canaccord Genuity Group Reiterates Buy Rating for Ecora Resources (LON:ECOR)

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a report released on Wednesday, MarketBeat.com reports. They presently have a GBX 160 ($1.98) target price on the stock. Canaccord Genuity Group’s target price points to a potential upside of 97.04% from the stock’s current price.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 150 ($1.85) price target on shares of Ecora Resources in a report on Wednesday, March 27th.

Ecora Resources Price Performance

Shares of Ecora Resources stock opened at GBX 81.20 ($1.00) on Wednesday. The company has a debt-to-equity ratio of 10.43, a current ratio of 0.49 and a quick ratio of 2.08. Ecora Resources has a fifty-two week low of GBX 69.40 ($0.86) and a fifty-two week high of GBX 125.40 ($1.55). The firm has a fifty day moving average price of GBX 77.11 and a two-hundred day moving average price of GBX 86.09. The company has a market cap of £209.41 million, a PE ratio of -1,624.00, a price-to-earnings-growth ratio of 0.12 and a beta of 0.71.

Insider Transactions at Ecora Resources

In other Ecora Resources news, insider Marc Bishop Lafleche acquired 65,005 shares of Ecora Resources stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of GBX 77 ($0.95) per share, with a total value of £50,053.85 ($61,825.41). 18.74% of the stock is owned by insiders.

About Ecora Resources

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.