Ecora Resources (LON:ECOR) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Ecora Resources (LON:ECOR) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. They currently have a GBX 165 ($2.09) target price on the stock.

Separately, Berenberg Bank reissued a buy rating and issued a GBX 150 ($1.90) price objective on shares of Ecora Resources in a research report on Wednesday.

Ecora Resources Stock Performance

ECOR stock opened at GBX 76 ($0.96) on Wednesday. The stock has a 50-day moving average price of GBX 79.37 and a 200-day moving average price of GBX 89.64. Ecora Resources has a 1-year low of GBX 69.40 ($0.88) and a 1-year high of GBX 128.80 ($1.63). The company has a current ratio of 0.49, a quick ratio of 2.08 and a debt-to-equity ratio of 10.43. The firm has a market cap of £196.00 million, a PE ratio of -1,520.00, a price-to-earnings-growth ratio of 0.12 and a beta of 0.71.

Ecora Resources Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, January 11th were given a $0.02 dividend. This represents a yield of 1.46%. The ex-dividend date of this dividend was Thursday, January 11th. Ecora Resources’s payout ratio is -14,000.00%.

Insider Activity at Ecora Resources

In related news, insider Marc Bishop Lafleche acquired 65,005 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average cost of GBX 77 ($0.97) per share, with a total value of £50,053.85 ($63,255.21). 18.74% of the stock is currently owned by corporate insiders.

About Ecora Resources

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