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

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 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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