Ecora Resources (LON:ECOR) Stock Passes Above 200 Day Moving Average of $153.38

Shares of Ecora Resources PLC (LON:ECOR – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 153.38 ($1.90) and traded as high as GBX 157 ($1.94). Ecora Resources shares last traded at GBX 151.40 ($1.87), with a volume of 222,913 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on ECOR. Royal Bank of Canada restated an “outperform” rating and issued a GBX 320 ($3.96) target price on shares of Ecora Resources in a report on Tuesday, October 25th. Berenberg Bank dropped their target price on shares of Ecora Resources from GBX 330 ($4.09) to GBX 260 ($3.22) and set a “buy” rating on the stock in a report on Tuesday, January 17th.

Ecora Resources Stock Up 3.6 %

The company has a debt-to-equity ratio of 9.70, a current ratio of 2.46 and a quick ratio of 2.08. The firm has a market capitalization of £404.32 million and a P/E ratio of 315.42. The company’s 50-day simple moving average is GBX 146.27 and its two-hundred day simple moving average is GBX 153.38.

Ecora Resources Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Thursday, January 12th will be given a GBX 1.75 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, January 12th. This represents a yield of 1.23%. Ecora Resources’s payout ratio is presently 34.56%.

Ecora Resources Company Profile

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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.