Ecora Resources’ (ECOR) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Ecora Resources (LON:ECOR) in a report released on Wednesday, Marketbeat Ratings reports. They currently have a GBX 160 ($1.98) price target on the stock.

Separately, Berenberg Bank reaffirmed a buy rating and set a GBX 150 ($1.85) price target on shares of Ecora Resources in a research note on Wednesday, March 27th.

Ecora Resources Stock Performance

Shares of ECOR opened at GBX 80.80 ($1.00) on Wednesday. The company has a debt-to-equity ratio of 10.43, a quick ratio of 2.08 and a current ratio of 0.49. Ecora Resources has a 1 year low of GBX 69.40 ($0.86) and a 1 year high of GBX 125.40 ($1.55). The stock has a market capitalization of £208.38 million, a P/E ratio of -1,594.00, a P/E/G ratio of 0.12 and a beta of 0.71. The company’s fifty day moving average is GBX 77.09 and its two-hundred day moving average is GBX 86.13.

Ecora Resources Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, February 14th. Stockholders of record on Thursday, January 11th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a dividend yield of 1.46%. Ecora Resources’s dividend payout ratio (DPR) is presently -14,000.00%.

Insider Activity at Ecora Resources

In other Ecora Resources news, insider Marc Bishop Lafleche acquired 65,005 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average cost of GBX 77 ($0.95) per share, with a total value of £50,053.85 ($61,825.41). 18.74% of the stock is owned by corporate insiders.

Ecora Resources Company Profile

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.