Berenberg Bank Reiterates “Buy” Rating for Ecora Resources (LON:ECOR)

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a GBX 130 ($1.77) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 109.34% from the stock’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 150 ($2.05) price objective on shares of Ecora Resources in a report on Wednesday, April 23rd.

Ecora Resources Trading Down 1.6%

Shares of ECOR opened at GBX 62.10 ($0.85) on Thursday. The firm has a market cap of £190.92 million, a price-to-earnings ratio of 8.19, a PEG 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. Ecora Resources has a fifty-two week low of GBX 48 ($0.66) and a fifty-two week high of GBX 74.13 ($1.01). The firm has a 50 day moving average price of GBX 60.51 and a 200-day moving average price of GBX 60.09.

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.