Ecora Resources’ (ECOR) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Ecora Resources (LON:ECOR) in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 150 ($1.97) price target on the stock.

Separately, Berenberg Bank reaffirmed a buy rating and issued a GBX 150 ($1.97) target price on shares of Ecora Resources in a research note on Wednesday.

Ecora Resources Stock Down 3.8 %

Shares of LON ECOR opened at GBX 60 ($0.79) on Wednesday. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 17.79. Ecora Resources has a 52 week low of GBX 54.20 ($0.71) and a 52 week high of GBX 114.40 ($1.50). The firm’s fifty day moving average is GBX 64.16 and its 200 day moving average is GBX 73.56. The company has a market cap of £149.05 million, a price-to-earnings ratio of -1,718.00, a PEG ratio of 0.12 and a beta of 0.65.

Ecora Resources Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.02 per share. This represents a yield of 2.24%. The ex-dividend date of this dividend is Thursday, January 2nd.

Insider Buying and Selling at Ecora Resources

In related news, insider Kevin Flynn acquired 33,083 shares of Ecora Resources stock in a transaction on Monday, June 17th. The shares were acquired at an average cost of GBX 75 ($0.99) per share, with a total value of £24,812.25 ($32,626.23). In other Ecora Resources news, insider Marc Bishop Lafleche bought 75,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were purchased at an average price of GBX 64 ($0.84) per share, for a total transaction of £48,000 ($63,116.37). Also, insider Kevin Flynn bought 33,083 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were acquired at an average price of GBX 75 ($0.99) per share, for a total transaction of £24,812.25 ($32,626.23). In the last ninety days, insiders have purchased 183,083 shares of company stock valued at $12,906,225. 22.78% of the stock is currently owned by company 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.