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

Berenberg Bank reaffirmed their buy rating on shares of Ecora Resources (LON:ECOR - Free Report) in a report published on Monday, MarketBeat reports. They currently have a GBX 140 ($1.77) price target on the stock.

Separately, Canaccord Genuity Group restated a buy rating and set a GBX 160 ($2.02) price objective on shares of Ecora Resources in a research report on Wednesday, April 24th.

Ecora Resources Price Performance

Shares of Ecora Resources stock traded down GBX 1.50 ($0.02) during trading on Monday, reaching GBX 69.80 ($0.88). 1,397,916 shares of the company's stock were exchanged, compared to its average volume of 582,314. The company has a debt-to-equity ratio of 17.79, a quick ratio of 2.08 and a current ratio of 0.60. Ecora Resources has a 1-year low of GBX 69.30 ($0.88) and a 1-year high of GBX 124.20 ($1.57). The company has a market cap of £174.40 million, a P/E ratio of -1,718.00, a PEG ratio of 0.12 and a beta of 0.66. The firm's 50-day moving average price is GBX 79.88 and its 200 day moving average price is GBX 82.48.

Ecora Resources Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 9th were given a $0.02 dividend. The ex-dividend date was Thursday, May 9th. This represents a dividend yield of 1.99%.

Insider Buying and Selling at Ecora Resources

In related news, insider Marc Bishop Lafleche purchased 30,000 shares of Ecora Resources stock in a transaction on Wednesday, June 19th. The shares were purchased at an average price of GBX 75 ($0.95) per share, for a total transaction of £22,500 ($28,459.40). In other Ecora Resources news, insider Graeme Dacomb acquired 20,000 shares of the company's stock in a transaction dated Monday, June 24th. The shares were bought at an average cost of GBX 75 ($0.95) per share, with a total value of £15,000 ($18,972.93). Also, insider Marc Bishop Lafleche acquired 30,000 shares of the company's stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average cost of GBX 75 ($0.95) per share, for a total transaction of £22,500 ($28,459.40). In the last quarter, insiders have purchased 108,083 shares of company stock worth $8,106,225. Insiders own 22.52% of the company's stock.

About Ecora Resources

Ecora Resources PLC operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, coking coal, calcium carbonate, chromite, gold, and silver.