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

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

ECOR has been the subject of a number of other research reports. Royal Bank of Canada increased their price objective on shares of 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. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 150 ($1.95) price target on shares of Ecora Resources in a research report on Wednesday, September 4th.

Ecora Resources Stock Performance

Shares of LON ECOR opened at GBX 63.60 ($0.83) on Wednesday. The firm has a market capitalization of £158.11 million, a price-to-earnings ratio of 1,060.00, a PEG ratio of 0.12 and a beta of 0.62. Ecora Resources has a one year low of GBX 54.20 ($0.70) and a one year high of GBX 101 ($1.31). The business has a fifty day simple moving average of GBX 65.30 and a 200 day simple moving average of GBX 71.70. The company has a current ratio of 3.04, a quick ratio of 2.08 and a debt-to-equity ratio of 21.86.

Ecora Resources Cuts Dividend

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

Insider Buying and Selling

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