Ecora Resources (LON:ECOR) Given New GBX 145 Price Target at Canaccord Genuity Group

Ecora Resources (LON:ECOR) had its price target hoisted by Canaccord Genuity Group from GBX 140 ($1.74) to GBX 145 ($1.80) in a research note published on Friday, MarketBeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 150 ($1.86) price objective on shares of Ecora Resources in a research report on Wednesday, October 23rd.

Ecora Resources Price Performance

ECOR opened at GBX 61.90 ($0.77) on Friday. The company’s 50-day simple moving average is GBX 63.49 and its two-hundred day simple moving average is GBX 64.12. The company has a debt-to-equity ratio of 21.86, a quick ratio of 2.08 and a current ratio of 3.04. The stock has a market capitalization of £153.88 million, a P/E ratio of 1,031.67, a P/E/G ratio of 0.12 and a beta of 0.62. Ecora Resources has a 52-week low of GBX 54.20 ($0.67) and a 52-week high of GBX 93 ($1.15).

Ecora Resources Cuts Dividend

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

About Ecora Resources

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.