Ecora Resources PLC (LON:ECOR) Plans Dividend Increase – $0.26 Per Share

Ecora Resources PLC (LON:ECOR) announced a dividend on Thursday, March 27th, Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, July 24th will be paid a dividend of $0.26 per share on Sunday, August 10th. This represents a yield of 5.29%. The ex-dividend date of this dividend is Thursday, July 24th. This is a 1,423.5% increase from Ecora Resources’s previous dividend of $0.02. The official announcement can be viewed at this link.

Ecora Resources Stock Performance

Ecora Resources stock opened at GBX 59.90 ($0.78) on Friday. The company has a market cap of £184.16 million, a PE ratio of 7.90, a PEG ratio of 0.12 and a beta of 0.62. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68. Ecora Resources has a 1 year low of GBX 54.20 ($0.70) and a 1 year high of GBX 88.90 ($1.15). The company’s 50-day moving average is GBX 61.71 and its two-hundred day moving average is GBX 63.67.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 130 ($1.68) price objective on shares of Ecora Resources in a report on Thursday. Canaccord Genuity Group increased their price target on Ecora Resources from GBX 140 ($1.81) to GBX 145 ($1.88) and gave the company a “buy” rating in a research note on Friday, January 31st.

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.