Canaccord Genuity Group Reiterates “Buy” Rating for Ecora Resources (LON:ECOR)

Canaccord Genuity Group reiterated their buy rating on shares of Ecora Resources (LON:ECOR) in a report released on Wednesday, MarketBeat.com reports. They currently have a GBX 150 ($1.97) price target on the stock.

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

Ecora Resources Stock Performance

LON ECOR opened at GBX 60 ($0.79) on Wednesday. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 17.79. The company has a fifty day simple moving average of GBX 64.39 and a 200 day simple moving average of GBX 73.71. The company has a market cap of £149.05 million, a P/E ratio of -1,718.00, a PEG ratio of 0.12 and a beta of 0.65. Ecora Resources has a 12-month low of GBX 54.20 ($0.71) and a 12-month high of GBX 114.40 ($1.50).

Ecora Resources Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders 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.

Insiders Place Their Bets

In other news, insider Andrew Webb acquired 25,000 shares of the stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of GBX 75 ($0.99) per share, with a total value of £18,750 ($24,654.83). In other news, insider Marc Bishop Lafleche acquired 30,000 shares of the firm’s stock in a transaction on Wednesday, June 19th. The stock was acquired at an average price of GBX 75 ($0.99) per share, for a total transaction of £22,500 ($29,585.80). Also, insider Andrew Webb acquired 25,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was purchased at an average price of GBX 75 ($0.99) per share, with a total value of £18,750 ($24,654.83). Insiders have purchased 183,083 shares of company stock valued at $12,906,225 in the last ninety days. Company insiders own 22.78% of the company’s stock.

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.