Ecora Resources (ECOR)

Sector:

Mining

145.20p
   
  • Change Today:
    -0.80p
  • 52 Week High: 189.60
  • 52 Week Low: 134.20
  • Currency: UK Pounds
  • Shares Issued: 257.86m
  • Volume: 36,219
  • Market Cap: £374.41m

RBC Capital Markets slightly lowers target price on Anglo Pacific

By Iain Gilbert

Date: Tuesday 02 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at RBC Capital Markets moved their target price on mining giant Anglo Pacific slightly lower on Tuesday, citing near-term dilution, cutting its target for the stock from 340.0p per share to 320.0p.
RBC Capital Markets said Anglo Pacific's $200.0m royalty package acquisition from South32 had transformed the longer-term revenue profile for the group by roughly 50%, had improved its ESG positioning by adding more copper and nickel, and had also mitigated the rollover in income post Kestrel.

"The transaction is dilutive in the near-term, but we think med-term this 'cost' is outweighed by the benefits listed above," said the Canadian bank, which also reiterated its 'outperform' rating on the stock.

"We see this deal increasing the attractiveness of the equity, and considering APF remains discounted vs peers we continue to see scope for further rerating. We move our P/NAV target multiple to 1.4x NAV (prev 1.3x) to reflect the improved portfolio. Although softer metals prices are a headwind, upcoming potential catalysts like Piaui/Incoa financing and Voisey's Bay underground ramp up, together with additional deals, are likely to allow APF to continue to re-rate."



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Ecora Resources Market Data

Currency UK Pounds
Share Price 145.20p
Change Today -0.80p
% Change -0.55 %
52 Week High 189.60
52 Week Low 134.20
Volume 36,219
Shares Issued 257.86m
Market Cap £374.41m

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
47.61% above the market average47.61% above the market average47.61% above the market average47.61% above the market average47.61% above the market average
42.07% above the sector average42.07% above the sector average42.07% above the sector average42.07% above the sector average42.07% above the sector average
Income Not Available
Growth
34.35% above the market average34.35% above the market average34.35% above the market average34.35% above the market average34.35% 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 03-Feb-2023

Time Volume / Share Price
09:52 42 @ 145.20p
09:48 2,287 @ 145.20p
09:40 1,490 @ 146.20p
09:33 7,632 @ 145.00p
09:33 3,691 @ 145.40p

Ecora Resources Key Personnel

CFO Kevin Flynn
CEO Marc Bishop Lafleche

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