Ecora Resources (LON:ECOR) Rating Reiterated by Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Ecora Resources (LON:ECOR) in a report published on Wednesday, Marketbeat.com reports. They currently have a GBX 63 ($0.81) price objective on the stock.

Separately, Berenberg Bank restated a buy rating and set a GBX 140 ($1.81) price target on shares of Ecora Resources in a report on Thursday, July 11th.

Ecora Resources Stock Up 0.6 %

Ecora Resources stock opened at GBX 64 ($0.83) on Wednesday. Ecora Resources has a fifty-two week low of GBX 61.60 ($0.80) and a fifty-two week high of GBX 117.80 ($1.52). The stock has a market cap of £159.91 million, a PE ratio of -1,718.00, a price-to-earnings-growth ratio of 0.12 and a beta of 0.66. The firm’s 50-day simple moving average is GBX 73.30 and its 200 day simple moving average is GBX 78.70. The company has a debt-to-equity ratio of 17.79, a quick ratio of 2.08 and a current ratio of 0.60.

Ecora Resources Announces Dividend

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

Insiders Place Their Bets

In related news, insider Graeme Dacomb acquired 20,000 shares of the stock in a transaction on Monday, June 24th. The shares were acquired at an average price of GBX 75 ($0.97) per share, with a total value of £15,000 ($19,399.90). In other Ecora Resources news, insider Graeme Dacomb purchased 20,000 shares of the stock in a transaction dated Monday, June 24th. The shares were bought at an average price of GBX 75 ($0.97) per share, with a total value of £15,000 ($19,399.90). Also, insider Kevin Flynn purchased 33,083 shares of the stock in a transaction dated Monday, June 17th. The stock was acquired at an average cost of GBX 75 ($0.97) per share, for a total transaction of £24,812.25 ($32,090.34). Over the last 90 days, insiders have purchased 108,083 shares of company stock valued at $8,106,225. Company insiders own 22.52% of the company’s stock.

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.