Ecora Resources (LON:ECOR) Receives “Buy” Rating from Berenberg Bank

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

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

Ecora Resources Stock Down 8.0 %

Shares of ECOR stock opened at GBX 60.70 ($0.79) on Thursday. The stock has a 50 day moving average of GBX 61.71 and a 200 day moving average of GBX 63.67. The stock has a market cap 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 has a twelve month low of GBX 54.20 ($0.70) and a twelve month high of GBX 88.90 ($1.15). 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 Increases Dividend

The company also recently announced a dividend, which will be paid on Sunday, August 10th. Stockholders of record on Thursday, July 24th will be paid a $0.26 dividend. This represents a dividend yield of 5.29%. The ex-dividend date of this dividend is Thursday, July 24th. This is a boost from Ecora Resources’s previous dividend of $0.02. Ecora Resources’s dividend payout ratio (DPR) is 65.97%.

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.