Ecora Resources (LON:ECOR) Price Target Raised to GBX 145

Ecora Resources (LON:ECOR) had its target price raised by Canaccord Genuity Group from GBX 140 ($1.72) to GBX 145 ($1.78) in a research report released on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 150 ($1.84) price objective on shares of Ecora Resources in a research note on Wednesday, October 23rd.

Ecora Resources Stock Down 2.1 %

Shares of LON:ECOR opened at GBX 61.90 ($0.76) on Friday. The firm has a market cap of £153.88 million, a PE ratio of 1,031.67, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. Ecora Resources has a 12-month low of GBX 54.20 ($0.67) and a 12-month high of GBX 93 ($1.14). 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 company has a fifty day simple moving average of GBX 63.49 and a 200 day simple moving average of GBX 64.12.

Ecora Resources Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.02 per share. This represents a yield of 2.24%. The ex-dividend date was Thursday, January 2nd. Ecora Resources’s dividend payout ratio (DPR) is presently 8,333.33%.

Ecora Resources Company Profile

Ecora Resources is a leading royalty company focused on supporting the supply of commodities essential to creating
a sustainable future. The company is listed on both the London and Toronto Stock Exchange.
Our vision is to be globally recognised as the royalty company of choice synonymous with commodities that support a
sustainable future by continuing to grow and diversify our royalty portfolio in line with our strategy.