Ecora Resources (LON:ECOR) Given “Buy” Rating at Berenberg Bank

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a note issued to investors on Monday, Digital Look reports. They currently have a GBX 140 ($1.77) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 99.26% from the company’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 160 ($2.02) price target on shares of Ecora Resources in a research note on Wednesday, April 24th.

Ecora Resources Trading Down 1.5 %

Shares of ECOR stock opened at GBX 70.26 ($0.89) on Monday. Ecora Resources has a fifty-two week low of GBX 69.40 ($0.88) and a fifty-two week high of GBX 124.20 ($1.57). The company has a debt-to-equity ratio of 17.79, a quick ratio of 2.08 and a current ratio of 0.60. The stock’s fifty day moving average is GBX 80.08 and its two-hundred day moving average is GBX 82.62. The firm has a market capitalization of £175.55 million, a P/E ratio of -1,718.00, a PEG ratio of 0.12 and a beta of 0.66.

Insiders Place Their Bets

In other news, insider Kevin Flynn acquired 33,083 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average price of GBX 75 ($0.95) per share, with a total value of £24,812.25 ($31,384.08). In other Ecora Resources news, insider Kevin Flynn acquired 33,083 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was bought at an average cost of GBX 75 ($0.95) per share, for a total transaction of £24,812.25 ($31,384.08). Also, insider Marc Bishop Lafleche bought 30,000 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were acquired at an average cost of GBX 75 ($0.95) per share, with a total value of £22,500 ($28,459.40). Over the last 90 days, insiders have purchased 108,083 shares of company stock valued at $8,106,225. Insiders own 22.52% of the company’s stock.

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.