Ecora Resources (LON:ECOR) Price Target Lowered to GBX 120 at Berenberg Bank

Ecora Resources (LON:ECOR) had its target price decreased by Berenberg Bank from GBX 130 ($1.74) to GBX 120 ($1.61) in a research note released on Monday, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 150 ($2.01) price target on shares of Ecora Resources in a report on Wednesday, April 23rd.

Ecora Resources Trading Down 1.7%

Shares of LON ECOR opened at GBX 64 ($0.86) on Monday. 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 business has a fifty day simple moving average of GBX 61.98 and a two-hundred day simple moving average of GBX 60.18. The firm has a market cap of £196.76 million, a PE ratio of 8.44, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. Ecora Resources has a twelve month low of GBX 48 ($0.64) and a twelve month high of GBX 74.13 ($0.99).

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.