Ecora Resources PLC (LON:ECOR) Insider Andrew Webb Acquires 25,000 Shares

Ecora Resources PLC (LON:ECOR) insider Andrew Webb bought 25,000 shares of Ecora Resources stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average price of GBX 57 ($0.74) per share, with a total value of £14,250 ($18,410.85).

Ecora Resources Price Performance

ECOR opened at GBX 57.20 ($0.74) on Tuesday. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68. The stock has a market capitalization of £175.85 million, a P/E ratio of 7.55, a PEG ratio of 0.12 and a beta of 0.62. The stock has a 50-day moving average price of GBX 61.44 and a 200-day moving average price of GBX 63.64. Ecora Resources PLC has a 12-month low of GBX 54.20 ($0.70) and a 12-month high of GBX 88.90 ($1.15).

Ecora Resources Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 130 ($1.68) price target on shares of Ecora Resources in a research report on Thursday, March 27th. Canaccord Genuity Group lifted their target price on shares of Ecora Resources from GBX 140 ($1.81) to GBX 145 ($1.87) and gave the company a “buy” rating in a research report 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.