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

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

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

Ecora Resources Price Performance

Shares of ECOR stock opened at GBX 64 ($0.83) on Wednesday. Ecora Resources has a 12-month low of GBX 61.60 ($0.80) and a 12-month high of GBX 117.80 ($1.52). The firm has a market capitalization of £159.91 million, a price-to-earnings ratio of -1,718.00, a price-to-earnings-growth ratio of 0.12 and a beta of 0.66. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 17.79. The firm has a fifty day moving average of GBX 73.30 and a 200-day moving average of GBX 78.70.

Ecora Resources Announces Dividend

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

Insider Activity

In other news, insider Andrew Webb bought 25,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of GBX 75 ($0.97) per share, with a total value of £18,750 ($24,249.87). In other news, insider Andrew Webb bought 25,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of GBX 75 ($0.97) per share, with a total value of £18,750 ($24,249.87). Also, insider Marc Bishop Lafleche bought 30,000 shares of the company’s stock in a transaction dated Wednesday, June 19th. The stock was purchased at an average cost of GBX 75 ($0.97) per share, for a total transaction of £22,500 ($29,099.84). In the last ninety days, insiders have bought 108,083 shares of company stock valued at $8,106,225. 22.52% of the stock is owned by company 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.