Ecora Resources (ECOR)

Sector:

Mining

 144.80p
   
  • Change Today:
      0.000p
  • 52 Week High: 189.60
  • 52 Week Low: 134.20
  • Currency: UK Pounds
  • Shares Issued: 257.86m
  • Volume: 0
  • Market Cap: £373.38m

BofA stays at 'buy' on Anglo Pacific Group as pivot towards 'future facing commodities' continues

By Alexander Bueso

Date: Wednesday 13 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at BofA Securities reiterated their 'buy' rating for shares of Anglo Pacific Group, telling clients that its recent acquisition of four royalties from South32 reflected its pivot away from coal towards electrification metals.
On 12 July, the royalty and streaming company purchased the four royalties in copper and nickel for $200m, including contingent payments, an amount equivalent to half the company's market value.

They said they liked the transaction from a strategic point of view as the company pivoted towards so-called 'future facing commodities', which include battery metals, copper, nickel and cobalt.

And after including the transaction and the group's royalty on Brazilian Nickel's Piaui project, their target price was lifted from 220.0p to 230.0p, or one times' the value of its discounted cash flow-derived net present value.

"Reiterate Buy, we see rerating potential as APF executes on its strategy. We also see the royalty business model as defensive during periods of volatile prices & high cost inflation."

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Ecora Resources Market Data

Currency UK Pounds
Share Price 144.80p
Change Today 0.000p
% Change 0.00 %
52 Week High 189.60
52 Week Low 134.20
Volume 0
Shares Issued 257.86m
Market Cap £373.38m

Ecora Resources Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
42.96% above the market average42.96% above the market average42.96% above the market average42.96% above the market average42.96% above the market average
43.45% above the sector average43.45% above the sector average43.45% above the sector average43.45% above the sector average43.45% above the sector average
Income Not Available
Growth
34.31% above the market average34.31% above the market average34.31% above the market average34.31% above the market average34.31% above the market average
10.45% below the sector average10.45% below the sector average10.45% below the sector average10.45% below the sector average10.45% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ecora Resources Dividends

  Latest Previous
  Q3 Q2
Ex-Div 12-Jan-23 06-Oct-22
Paid 15-Feb-23 26-Oct-22
Amount 1.75p 1.75p

Trades for --2023

Time Volume / Share Price
0 @ 0.000p

Ecora Resources Key Personnel

CFO Kevin Flynn
CEO Marc Bishop Lafleche

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