Ecora Resources (ECOR)

Sector:

Mining

76.40p
   
  • Change Today:
      0.40p
  • 52 Week High: 127.00
  • 52 Week Low: 70.70
  • Currency: UK Pounds
  • Shares Issued: 257.71m
  • Volume: 1,731,281
  • Market Cap: £196.89m

Berenberg raises target price on Anglo Pacific

By Iain Gilbert

Date: Wednesday 27 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on mining company Anglo Pacific from 250.0p to 260.0p on Wednesday following a first-quarter earnings beat thanks to coal price tailwinds.
Berenberg stated Anglo Pacific had reported a "strong Q1", with total portfolio contribution coming in at $43.6m, beating estimates of $38.9m, driven mainly by a beat from royalties related to its Kestrel metallurgical coal in Australia.

The German bank, which reiterated its 'buy' rating on the stock, highlighted that the royalty contributed $33.5m versus its $27.2m estimate due to improved metallurgical coal prices.

Elsewhere, Berenberg noted that other portions of Anglo Pacific's portfolio had delivered in line with expectations, with cobalt from Voisey's Bay in Canada contributing $5.2m net, and coming in as the second-largest portfolio contributor.

"We continue to like the company's portfolio for its attractive long-term exposure to energy transition metals and its natural hedge against cost inflation, alongside the company's stable circa 4% dividend yield," said the analysts.

"In the near term, strong metallurgical coal prices are a tailwind, and, if we mark our model to market, our 2022 earnings per share increases to $0.45/share from $0.40/share, and our EBITDA increases to $117.0m from $104.0m, above consensus of $84.0m."

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Ecora Resources Market Data

Currency UK Pounds
Share Price 76.40p
Change Today 0.40p
% Change 0.53 %
52 Week High 127.00
52 Week Low 70.70
Volume 1,731,281
Shares Issued 257.71m
Market Cap £196.89m

Ecora Resources Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.68% above the market average98.68% above the market average98.68% above the market average98.68% above the market average98.68% above the market average
92.37% above the sector average92.37% above the sector average92.37% above the sector average92.37% above the sector average92.37% above the sector average
Price Trend
68% below the market average68% below the market average68% below the market average68% below the market average68% below the market average
17.48% below the sector average17.48% below the sector average17.48% below the sector average17.48% below the sector average17.48% below the sector average
Income
94.70% above the market average94.70% above the market average94.70% above the market average94.70% above the market average94.70% above the market average
65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average
Growth
77.89% below the market average77.89% below the market average77.89% below the market average77.89% below the market average77.89% below the market average
81.25% below the sector average81.25% below the sector average81.25% below the sector average81.25% below the sector average81.25% 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
  Final Q3
Ex-Div n/a 11-Jan-24
Paid n/a 14-Feb-24
Amount 2.12¢ 2.12¢

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 12,500 @ 76.40p
16:36 47,864 @ 76.40p
16:35 29,316 @ 76.40p
16:35 518 @ 76.40p
16:35 42 @ 76.40p

Ecora Resources Key Personnel

CFO Kevin Flynn
CEO Marc Bishop Lafleche

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