Canaccord Genuity Group Reaffirms Buy Rating for Ecora Resources (LON:ECOR)

Canaccord Genuity Group reaffirmed their buy rating on shares of Ecora Resources (LON:ECOR) in a research note released on Wednesday morning, MarketBeat reports. The brokerage currently has a GBX 160 ($1.98) price target on the stock.

Separately, Berenberg Bank reaffirmed a buy rating and set a GBX 150 ($1.85) target price on shares of Ecora Resources in a research note on Wednesday, March 27th.

Ecora Resources Trading Up 2.3 %

LON:ECOR opened at GBX 83.10 ($1.03) on Wednesday. Ecora Resources has a 1 year low of GBX 69.40 ($0.86) and a 1 year high of GBX 125.40 ($1.55). The stock has a market cap of £214.31 million, a price-to-earnings ratio of -1,662.00, a PEG ratio of 0.12 and a beta of 0.71. The business has a fifty day moving average of GBX 77.18 and a 200-day moving average of GBX 86.01. The company has a debt-to-equity ratio of 10.43, a quick ratio of 2.08 and a current ratio of 0.49.

Ecora Resources Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, January 11th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a yield of 1.46%. Ecora Resources’s dividend payout ratio is currently -14,000.00%.

Insider Activity at Ecora Resources

In related news, insider Marc Bishop Lafleche purchased 65,005 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average price of GBX 77 ($0.95) per share, for a total transaction of £50,053.85 ($61,825.41). Company insiders own 18.74% of the company’s stock.

About Ecora Resources

Ecora Resources PLC operates as a natural resource royalty and streaming company. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, calcium carbonate, chromite, gold, and silver primarily in Australia, North and South America, Europe, and internationally.