Ecora Resources PLC 63.6% potential upside indicated by Canaccord Genuity

Ecora Resources PLC with ticker (LON:ECOR) now has a potential upside of 63.6% according to Canaccord Genuity.



Canaccord Genuity set a target price of 180 GBX for the company, which when compared to the Ecora Resources PLC share price of 110 GBX at opening today (19/09/2023) indicates a potential upside of 63.6%. Trading has ranged between 103 (52 week low) and 165 (52 week high) with an average of 269,609 shares exchanging hands daily. The market capitalisation at the time of writing is £293,967,500.

Ecora Resources PLC is a United Kingdom-based royalty company. The Company secures natural resource royalties and streams by creating new royalties directly with operators or by acquiring existing royalties and streams. The Company 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, steelmaking coal, iron ore, copper, vanadium, uranium and gold. Its business model is to acquire royalty and streams in commodities that support a sustainable future. It invests in both primary and secondary royalties. The Company has over 19 principal royalty and streaming related assets across five continents, providing diversified commodity exposure. Its commodities include cobalt, copper, nickel, vanadium, uranium, steelmaking coal and iron ore pellets.