Ecora Resources (LON:ECOR) Receives Buy Rating from Berenberg Bank
Berenberg Bank reaffirmed their buy rating on shares of Ecora Resources (LON:ECOR – Get Rating) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 220 ($2.75) price objective on the stock.
Ecora Resources Trading Up 0.6 %
ECOR opened at GBX 121.95 ($1.52) on Wednesday. The firm has a market cap of £314.46 million, a price-to-earnings ratio of 378.75, a price-to-earnings-growth ratio of 0.12 and a beta of 0.65. Ecora Resources has a 52 week low of GBX 110.60 ($1.38) and a 52 week high of GBX 165.45 ($2.07). The business’s 50 day moving average is GBX 124.59 and its two-hundred day moving average is GBX 140.10. The company has a quick ratio of 2.08, a current ratio of 0.39 and a debt-to-equity ratio of 9.05.
The company also recently declared a dividend, which was paid on Wednesday, February 15th. Shareholders of record on Thursday, January 12th were given a dividend of GBX 1.75 ($0.02) per share. This represents a yield of 1.23%. The ex-dividend date of this dividend was Thursday, January 12th. Ecora Resources’s dividend payout ratio (DPR) is 2,187.50%.
Insiders Place Their Bets
In other Ecora Resources news, insider Kevin Flynn sold 9,041 shares of Ecora Resources stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of GBX 134 ($1.67), for a total transaction of £12,114.94 ($15,130.44). In related news, insider Patrick Meier bought 28,370 shares of the stock in a transaction on Thursday, February 23rd. The shares were bought at an average cost of GBX 139 ($1.74) per share, for a total transaction of £39,434.30 ($49,249.78). Also, insider Kevin Flynn sold 9,041 shares of Ecora Resources stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of GBX 134 ($1.67), for a total value of £12,114.94 ($15,130.44). Insiders have bought a total of 64,370 shares of company stock valued at $9,158,430 over the last quarter. Company insiders own 21.41% of the company’s stock.
Ecora Resources Company Profile
Ecora Resources PLC operates as a natural resources royalty and streaming company. The company has royalties and investments in mining and exploration interests in cobalt, coking coal, iron ore, copper, vanadium, uranium, and gold primarily in Australia, North and South America, and Europe. The company was formerly known as Anglo Pacific Group plc and changed its name to Ecora Resources PLC in October 2022.
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