Ecora Resources (LON:ECOR) Reaches New 12-Month High – Time to Buy?

Shares of Ecora Resources PLC (LON:ECORGet Free Report) reached 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. The stock had previously closed at GBX 149.80.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ECOR. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 185 price objective on shares of Ecora Resources in a report on Monday, June 15th. Canaccord Genuity Group lifted their target price on shares of Ecora Resources from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 190 price target on shares of Ecora Resources in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 190.

Check Out Our Latest Report on Ecora Resources

Ecora Resources Trading Up 4.5%

The firm has a 50-day moving average of GBX 135.84 and a 200-day moving average of GBX 137.93. The company has a debt-to-equity ratio of 20.72, a quick ratio of 2.08 and a current ratio of 1.20. The firm has a market capitalization of £390.33 million, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 0.12 and a beta of 0.47.

Insider Buying and Selling

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

About Ecora Resources

(Get Free Report)

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.

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