Ecora Resources’ (ECOR) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Ecora Resources (LON:ECOR) in a research report report published on Wednesday, MarketBeat.com reports. The firm currently has a GBX 150 ($1.95) price objective on the stock.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 150 ($1.95) target price on shares of Ecora Resources in a research report 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 Up 1.6 %

Shares of ECOR stock opened at GBX 63.60 ($0.83) on Wednesday. The firm’s fifty day moving average price is GBX 65.30 and its two-hundred day moving average price is GBX 71.62. Ecora Resources has a 1 year low of GBX 54.20 ($0.70) and a 1 year high of GBX 101 ($1.31). The company has a current ratio of 3.04, a quick ratio of 2.08 and a debt-to-equity ratio of 21.86. The firm has a market capitalization of £158.11 million, a P/E ratio of 1,060.00, a PEG ratio of 0.12 and a beta of 0.62.

Ecora Resources Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be given a $0.02 dividend. This represents a dividend yield of 2.24%. The ex-dividend date is Thursday, January 2nd. Ecora Resources’s dividend payout ratio (DPR) is presently 8,333.33%.

Insider Transactions at Ecora Resources

In other news, insider Marc Bishop Lafleche bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average cost of GBX 63 ($0.82) per share, for a total transaction of £63,000 ($81,796.94). 21.91% of the stock is owned by company 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.