Ecora Resources (LON:ECOR) Receives Buy Rating from Berenberg Bank

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 150 ($1.95) price target on the stock. Berenberg Bank’s target price suggests a potential upside of 137.88% from the stock’s current price.

ECOR has been the subject of a number of other reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 150 ($1.95) price objective on shares of Ecora Resources in a research note on Wednesday, September 4th. Royal Bank of Canada raised their price target on Ecora Resources from GBX 100 ($1.30) to GBX 120 ($1.56) and gave the company an “outperform” rating in a research note on Thursday, September 5th.

Ecora Resources Stock Down 2.2 %

Shares of ECOR traded down GBX 1.44 ($0.02) during midday trading on Wednesday, hitting GBX 63.06 ($0.82). The stock had a trading volume of 383,841 shares, compared to its average volume of 588,721. The firm has a market cap of £156.76 million, a price-to-earnings ratio of 1,050.97, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. The company has a 50 day simple moving average of GBX 65.26 and a two-hundred day simple moving average of GBX 71.96. Ecora Resources has a twelve month low of GBX 54.20 ($0.70) and a twelve month high of GBX 101 ($1.31). The company has a debt-to-equity ratio of 21.86, a current ratio of 3.04 and a quick ratio of 2.08.

Insider Buying and Selling

In other news, insider Marc Bishop Lafleche bought 75,000 shares of the stock in a transaction dated Monday, July 29th. The shares were bought at an average price of GBX 64 ($0.83) per share, for a total transaction of £48,000 ($62,321.47). 21.91% of the stock is currently owned by insiders.

Ecora Resources Company Profile

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.