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

Berenberg Bank restated their buy rating on shares of Ecora Resources (LON:ECOR) in a research report released on Thursday, Marketbeat.com reports. They currently have a GBX 130 ($1.68) target price on the stock.

Separately, Canaccord Genuity Group boosted their price objective on Ecora Resources from GBX 140 ($1.81) to GBX 145 ($1.88) and gave the company a “buy” rating in a report on Friday, January 31st.

Ecora Resources Trading Down 8.0 %

Shares of ECOR opened at GBX 60.70 ($0.79) on Thursday. Ecora Resources has a one year low of GBX 54.20 ($0.70) and a one year high of GBX 88.90 ($1.15). The stock has a 50-day moving average price of GBX 61.71 and a 200 day moving average price of GBX 63.67. The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60. The company has a market capitalization of £186.61 million, a P/E ratio of 8.01, a P/E/G ratio of 0.12 and a beta of 0.62.

Ecora Resources Increases Dividend

The firm also recently declared a dividend, which will be paid on Sunday, August 10th. Shareholders of record on Thursday, July 24th will be issued a $0.26 dividend. This represents a yield of 5.29%. This is an increase from Ecora Resources’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, July 24th. Ecora Resources’s dividend payout ratio is presently 65.97%.

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.