Ecora Resources PLC -4.1% potential downside indicated by Canaccord Genuity

Ecora Resources PLC with ticker (LON:ECOR) now has a potential downside of -4.1% according to Canaccord Genuity.

ECOR.L

Canaccord Genuity set a target price of 63 GBX for the company, which when compared to the Ecora Resources PLC share price of 66 GBX at opening today (13/08/2024) indicates a potential downside of -4.1%. Trading has ranged between 60 (52 week low) and 114 (52 week high) with an average of 657,404 shares exchanging hands daily. The market capitalisation at the time of writing is £159,449,300.

Ecora Resources PLC is a United Kingdom-based royalty company focused on supporting the supply of commodities essential to creating a sustainable future. The Company offers investors exposure to a basket of commodities that are integral to the energy transition. Its royalty portfolio has been constructed to provide exposure to commodities directly required for the decarbonization of energy supply and consumption, as well as commodities which are produced in a relatively more sustainable way. It secures natural resources royalties and streams by creating new royalties directly with operators or by acquiring existing royalties and streams. It has royalties and investments in mining and exploration interests primarily in Australia, North and South America and Europe, with a diversified exposure to commodities represented by cobalt, coking coal, iron ore, copper, vanadium, uranium and gold. It has approximately 21 principal royalty and streaming related assets across five continents.