Ecora Resources (LON:ECOR) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Ecora Resources (LON:ECOR - Get Free Report) had its price target upped by stock analysts at Canaccord Genuity Group from GBX 140 ($1.74) to GBX 145 ($1.80) in a research note issued to investors on Friday, Marketbeat reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 135.39% from the company's current price.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 150 ($1.87) price target on shares of Ecora Resources in a research report on Wednesday, October 23rd.

Ecora Resources Stock Up 1.3 %

ECOR stock traded up GBX 0.80 ($0.01) during trading hours on Friday, hitting GBX 61.60 ($0.77). The company's stock had a trading volume of 213,060 shares, compared to its average volume of 647,048. The company has a market capitalization of £153.14 million, a PE ratio of 1,026.67, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. The stock has a 50 day moving average price of GBX 63.49 and a two-hundred day moving average price of GBX 64.12. The company has a quick ratio of 2.08, a current ratio of 3.04 and a debt-to-equity ratio of 21.86. Ecora Resources has a 12 month low of GBX 54.20 ($0.67) and a 12 month high of GBX 90.70 ($1.13).

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.