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

Ecora Resources PLC (LON:ECOR)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 138.40 and last traded at GBX 132.33, with a volume of 1592049 shares changing hands. The stock had previously closed at GBX 130.40.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 120 price objective on shares of Ecora Resources in a report on Tuesday, September 30th. Canaccord Genuity Group raised their price target on shares of Ecora Resources from GBX 150 to GBX 155 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 137.50.

Ecora Resources Price Performance

The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60. The business’s fifty day simple moving average is GBX 109.46 and its 200 day simple moving average is GBX 89.19. The stock has a market cap of £329.57 million, a price-to-earnings ratio of -11.03, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62.

Insider Buying and Selling

In related news, insider Kevin Flynn purchased 21,175 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were purchased at an average cost of GBX 95 per share, with a total value of £20,116.25. Also, insider Marc Bishop Lafleche acquired 32,000 shares of Ecora Resources stock in a transaction on Tuesday, November 4th. The shares were bought at an average price of GBX 93 per share, for a total transaction of £29,760. Over the last quarter, insiders purchased 64,575 shares of company stock worth $6,036,425. Insiders own 8.37% of the company’s stock.

Ecora Resources Company Profile

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. We will achieve this
through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and
shareholder returns.