Berenberg Bank Reaffirms Buy Rating for Ecora Resources (LON:ECOR)

Berenberg Bank reiterated their buy rating on shares of Ecora Resources (LON:ECOR) in a research report sent to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a GBX 150 ($1.95) price target on the stock.

A number of other equities research analysts have also recently issued reports on ECOR. Royal Bank of Canada boosted their target price 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 report on Thursday, September 5th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 150 ($1.95) price objective on shares of Ecora Resources in a research note on Wednesday, September 4th.

Ecora Resources Stock Performance

ECOR opened at GBX 63.60 ($0.83) on Wednesday. The company has a debt-to-equity ratio of 21.86, a current ratio of 3.04 and a quick ratio of 2.08. The business has a fifty day simple moving average of GBX 65.30 and a 200 day simple moving average of 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 market capitalization of £158.11 million, a PE ratio of 1,060.00, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62.

Ecora Resources Cuts Dividend

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

Insider Buying and Selling at Ecora Resources

In related news, insider Marc Bishop Lafleche bought 75,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was purchased at an average price of GBX 64 ($0.83) per share, with a total value of £48,000 ($62,321.47). Company insiders own 21.91% of the company’s stock.

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.