Ecora Resources (LON:ECOR) Sets New 12-Month High – Here’s What Happened

Ecora Resources PLC (LON:ECOR) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 180 and last traded at GBX 177, with a volume of 899654 shares. The stock had previously closed at GBX 167.80.

Analyst Upgrades and Downgrades

ECOR has been the topic of several analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 195 price target on shares of Ecora Resources in a report on Wednesday. Berenberg Bank reissued a “buy” rating and issued a GBX 190 price objective on shares of Ecora Resources in a research note on Wednesday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 185 price objective on shares of Ecora Resources in a research report on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 190.

Ecora Resources Stock Performance

The firm’s 50 day simple moving average is GBX 146.99 and its 200 day simple moving average is GBX 141.51. The firm has a market cap of £435.05 million, a PE ratio of 19.64, a PEG ratio of 0.12 and a beta of 0.47. The company has a current ratio of 1.77, a quick ratio of 2.08 and a debt-to-equity ratio of 17.90.

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.