Ecora Resources (LON:ECOR) Reaches New 52-Week High – Still a Buy?

Ecora Resources PLC (LON:ECOR)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as GBX 159.40 and last traded at GBX 156.47, with a volume of 739832 shares trading hands. The stock had previously closed at GBX 149.80.

Analyst Upgrades and Downgrades

ECOR has been the topic of a number of research reports. Canaccord Genuity Group raised their target price on shares of Ecora Resources from GBX 185 to GBX 195 and gave the company a “buy” rating in a research report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 185 price objective on shares of Ecora Resources in a research note on Monday, June 15th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 190 price objective on shares of Ecora Resources in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 190.

Ecora Resources Price Performance

The company has a market cap of £390.33 million, a PE ratio of 17.62, a price-to-earnings-growth ratio of 0.12 and a beta of 0.47. The company has a quick ratio of 2.08, a current ratio of 1.20 and a debt-to-equity ratio of 20.72. The firm has a 50 day simple moving average of GBX 135.58 and a 200-day simple moving average of GBX 137.80.

Insider Buying and Selling

In other news, insider Kevin Flynn bought 5,550 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of GBX 140 per share, with a total value of £7,770. Also, insider Marc Bishop Lafleche purchased 5,560 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of GBX 149 per share, for a total transaction of £8,284.40. 8.41% of the stock is owned by insiders.

Ecora Resources Company Profile

Ecora Royalties is a leading critical minerals focused royalty and streaming company.

Copper is at the core of our portfolio which also includes other commodities linked to the trend of electrification, energy transition, infrastructure renewal and urbanisation, digital infrastructure, robotics and energy security.

Our cash generative portfolio includes producing royalties and streams and has a strong organic growth profile driven by royalties and streams already acquired and expected to generate substantial additional cash flow within the next five years.