Ecora Resources (LON:ECOR) Reaches New 1-Year High – Time to Buy?

Ecora Resources PLC (LON:ECOR)’s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 181.40 and last traded at GBX 180, with a volume of 911080 shares traded. The stock had previously closed at GBX 175.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ECOR shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 195 target price on shares of Ecora Resources in a research note on Wednesday, September 2nd. Berenberg Bank restated a “buy” rating and issued a GBX 190 price target on shares of Ecora Resources in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 185 price objective on shares of Ecora Resources in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 190.

Ecora Resources Trading Up 2.6%

The company has a debt-to-equity ratio of 17.90, a quick ratio of 2.08 and a current ratio of 1.77. The firm has a market cap of £449.42 million, a PE ratio of 8.99, a price-to-earnings-growth ratio of 0.12 and a beta of 0.49. The stock has a 50-day simple moving average of GBX 149.05 and a two-hundred day simple moving average of GBX 142.26.

About Ecora Resources

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.