Ecora Resources (ECOR) AI Stock Analysis

• Market Cap: £172.83M
• Dividend Yield: 2.44%
• Average Volume (3M): 580.41K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 1.40
• Revenue Growth: -5.97%
• EPS Growth: -1292.31%
• Country: UK
• Employees: 12
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 249,034,670
• 10 Day Avg. Volume: 601,673
• 30 Day Avg. Volume: 580,408
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £133.33
• Price Target Upside: 102.63% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 66 Neutral
• Price Target: 77.00p ▲(17.02% Upside)

Ecora Resources' overall stock score is driven by strong technical momentum and positive strategic developments highlighted in the earnings call. However, financial performance issues due to declining revenues and negative valuation metrics weigh heavily. The company's strategic focus on growth in base metals and a solid balance sheet provide a positive long-term outlook despite near-term challenges.

Ecora Resources Business Overview & Revenue Model

Company Description

Ecora Resources (ECOR) is a leading company in the natural resources sector, focusing primarily on the acquisition and management of royalty and streaming interests. The company operates within the mining industry, with a diversified portfolio that spans various commodities, including base and precious metals. Ecora Resources aims to provide its stakeholders with sustainable returns by leveraging its expertise in identifying and investing in high-quality assets.

How the Company Makes Money

Ecora Resources generates revenue through its royalty and streaming interests in mining operations. The company earns royalties based on a percentage of revenue or production from the mines in which it holds interests. Additionally, streaming agreements allow Ecora to purchase a portion of a mine's production at a predetermined price, which is typically lower than the market rate, and then sell it at market value, capturing the spread as profit. These revenue streams are supported by strategic partnerships with mining operators, enabling Ecora to benefit from ongoing production without directly managing mining operations. The company's earnings are influenced by factors such as commodity prices, production volumes, and the operational performance of its partners.

Ecora Resources Financial Statement Overview

Summary

Ecora Resources' financial performance is mixed. The income statement reveals declining revenues and a negative net profit margin, which are concerning. However, the balance sheet is strong, with a low debt-to-equity ratio and a solid equity position. Cash flow is generally positive but volatile. Overall, the company's financial health is stable but challenged by revenue and profitability issues.

Income Statement

Ecora Resources shows a concerning trend with declining revenues from $115.17 million in 2022 to $59.61 million in 2024, a significant drop. Gross profit margin remains high at 84.7% for 2024 but the net profit margin has turned negative due to a net loss. EBIT margin is robust at 66.2%, indicating operational efficiency. However, the overall decline in revenue and a net loss are major concerns.

Balance Sheet

The balance sheet is relatively strong with a debt-to-equity ratio of 0.21, indicating low leverage. The equity ratio is 78.4%, showcasing a solid equity position. Return on equity has deteriorated due to recent losses. The company maintains a healthy asset base with a total of $553.97 million, though declining equity and increasing liabilities are potential concerns.

Cash Flow

Cash flow analysis reveals a positive operating cash flow to net income ratio, highlighting good cash generation capabilities despite a net loss. Free cash flow is positive, indicating the company generates sufficient cash flow after capital expenditures. However, the volatility in free cash flow growth and past negative figures are areas to watch.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	59.61M	61.90M	115.17M	62.02M	34.01M
Gross Profit	50.49M	53.09M	99.25M	43.83M	22.09M
EBITDA	22.61M	18.52M	102.01M	54.35M	-19.75M
Net Income	-9.83M	847.00K	94.64M	27.25M	-18.60M
Balance Sheet
Total Assets	553.97M	636.28M	564.42M	384.26M	286.20M
Cash, Cash Equivalents and Short-Term Investments	7.88M	7.85M	4.86M	16.24M	20.16M
Total Debt	93.29M	85.76M	35.72M	83.26M	45.28M
Total Liabilities	119.33M	154.26M	145.76M	120.61M	71.20M
Stockholders Equity	434.64M	378.11M	418.66M	263.65M	215.01M
Cash Flow
Free Cash Flow	18.92M	-23.57M	55.52M	32.62M	14.50M
Operating Cash Flow	29.59M	33.54M	104.15M	32.65M	15.72M
Investing Cash Flow	-6.26M	-43.17M	-43.86M	-99.33M	10.56M
Financing Cash Flow	-22.70M	11.72M	-71.87M	63.62M	-12.40M

Ecora Resources Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 65.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ECOR, the sentiment is Neutral. The current price of 65.8 is below the 20-day moving average (MA) of 68.16, above the 50-day MA of 65.19, and above the 200-day MA of 60.87, indicating a neutral trend. The MACD of 0.71 indicates Positive momentum. The RSI at 45.65 is Neutral, neither overbought nor oversold. The STOCH value of 20.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:ECOR.

Ecora Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAPD	79 Outperform	£180.20M	13.20	6.40%	2.16%	6.32%	-54.82%
ECOR	66 Neutral	£172.83M	9.71	-2.05%	2.44%	-5.97%	-1292.31%
JLP	61 Neutral	£91.24M	7.04	1.86%	―	―	―
Sector *	56 Neutral	£2.47B	5.73	-6.09%	48.59%	15.84%	0.50%

Ecora Resources Corporate Events

Ecora Resources Sees Strong Q2 Growth Driven by Base Metals

Ecora Resources reported a significant increase in its Q2 2025 portfolio contribution, driven by strong performance in its base metals portfolio, particularly copper and cobalt. The company highlighted a 97% rise in total portfolio contribution compared to Q1 2025, with notable contributions from Voisey’s Bay and Mantos Blancos. This growth marks a pivotal transition towards a revenue profile centered on critical minerals, with expectations for continued volume growth in the second half of 2025. The update underscores Ecora’s strategic shift towards supporting sustainable futures through its critical minerals portfolio, positioning the company advantageously in the market.

The most recent analyst rating on (GB:ECOR) stock is a Buy with a £140.00 price target. To see the full list of analyst forecasts on Ecora Resources stock, see the GB:ECOR Stock Forecast page.

Ecora Resources Announces Director Appointment to Perseus Mining

Ecora Resources PLC, a company listed on the London and Toronto Stock Exchanges, has announced the appointment of James Rutherford as an independent Non-Executive Director of Perseus Mining Limited. This move aligns with Ecora’s obligations under UK Listing Rule 6.4.9(2) and indicates a strategic collaboration that could enhance its industry positioning through strengthened governance and potential synergies with Perseus Mining.

The most recent analyst rating on (GB:ECOR) stock is a Buy with a £1.40 price target. To see the full list of analyst forecasts on Ecora Resources stock, see the GB:ECOR Stock Forecast page.

Ecora Resources PLC Reports Successful AGM Voting Results

Ecora Resources PLC announced that all resolutions were passed with the necessary majorities at its Annual General Meeting held on June 5, 2025. The voting results indicate strong shareholder support, with resolutions receiving high approval percentages, reflecting positively on the company’s governance and strategic direction.

The most recent analyst rating on (GB:ECOR) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Ecora Resources stock, see the GB:ECOR Stock Forecast page.

Ecora Resources Announces Change in Voting Rights Structure

Ecora Resources PLC has announced a change in its voting rights structure due to an internal reorganization within South32 Limited, a major shareholder. As a result, the voting rights previously held by South32 have been transferred to another entity within the South32 group, maintaining their overall voting percentage at 17.516473%. This reorganization reflects South32’s strategic adjustments and could influence Ecora’s governance and decision-making processes.

The most recent analyst rating on (GB:ECOR) stock is a Buy with a £140.00 price target. To see the full list of analyst forecasts on Ecora Resources stock, see the GB:ECOR Stock Forecast page.