Berenberg Bank Reaffirms Buy Rating for Ecora Resources (LON:ECOR)

Berenberg Bank restated their buy rating on shares of Ecora Resources (LON:ECOR) in a report released on Monday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 140 ($1.77) price target on the stock.

Separately, Canaccord Genuity Group restated a buy rating and issued a GBX 160 ($2.02) price target on shares of Ecora Resources in a research report on Wednesday, April 24th.

Ecora Resources Price Performance

Shares of ECOR stock opened at GBX 69.70 ($0.88) on Monday. The firm has a market cap of £174.15 million, a P/E ratio of -1,718.00, a P/E/G ratio of 0.12 and a beta of 0.66. The company has a debt-to-equity ratio of 17.79, a current ratio of 0.60 and a quick ratio of 2.08. Ecora Resources has a 1-year low of GBX 69.30 ($0.88) and a 1-year high of GBX 124.20 ($1.57). The firm has a fifty day moving average of GBX 79.69 and a two-hundred day moving average of GBX 82.40.

Ecora Resources Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 9th were given a $0.02 dividend. The ex-dividend date was Thursday, May 9th. This represents a dividend yield of 1.99%.

Insider Transactions at Ecora Resources

In other Ecora Resources news, insider Graeme Dacomb purchased 20,000 shares of Ecora Resources stock in a transaction dated Monday, June 24th. The shares were bought at an average cost of GBX 75 ($0.95) per share, for a total transaction of £15,000 ($18,972.93). In other Ecora Resources news, insider Graeme Dacomb purchased 20,000 shares of Ecora Resources stock in a transaction dated Monday, June 24th. The shares were bought at an average cost of GBX 75 ($0.95) per share, for a total transaction of £15,000 ($18,972.93). Also, insider Marc Bishop Lafleche acquired 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The stock was purchased at an average price of GBX 75 ($0.95) per share, for a total transaction of £22,500 ($28,459.40). In the last three months, insiders have acquired 108,083 shares of company stock worth $8,106,225. 22.52% of the stock is currently owned by insiders.

About Ecora Resources

Ecora Resources PLC operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, coking coal, calcium carbonate, chromite, gold, and silver.