Ecora Resources' (ECOR) Buy Rating Reaffirmed at Berenberg Bank

Ecora Resources (LON:ECOR - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Berenberg Bank in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 130 ($1.68) target price on the stock. Berenberg Bank's price target would indicate a potential upside of 127.27% from the stock's current price.

Separately, Canaccord Genuity Group upped their price objective on shares of Ecora Resources from GBX 140 ($1.81) to GBX 145 ($1.87) and gave the company a "buy" rating in a report on Friday, January 31st.

Ecora Resources Stock Performance

LON ECOR traded down GBX 2.60 ($0.03) during trading hours on Thursday, reaching GBX 57.20 ($0.74). The stock had a trading volume of 1,014,884 shares, compared to its average volume of 548,834. Ecora Resources has a 52-week low of GBX 54.20 ($0.70) and a 52-week high of GBX 88.90 ($1.15). The stock has a fifty day moving average of GBX 61.59 and a 200 day moving average of GBX 63.69. 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 stock has a market cap of £175.85 million, a P/E ratio of 7.55, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62.

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.