Ecora Resources (ECOR) AI Stock Analysis

• Market Cap: £230.61M
• Dividend Yield: 2.02%
• Average Volume (3M): 447.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.47
• Revenue Growth: -63.09%
• EPS Growth: -253.25%
• Country: UK
• Employees: 12
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): <0.01
• Shares Outstanding: 249,034,670
• 10 Day Avg. Volume: 583,715
• 30 Day Avg. Volume: 447,871
• PEG Ratio: 0.02
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 3.39
• P/FCF Ratio: 10.68
• 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: £138.33
• Price Target Upside: 45.76% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: 90.00p ▼(-5.16% Downside)

Ecora Resources' overall stock score is primarily influenced by its financial performance challenges, particularly declining revenue and profitability. However, the company's solid balance sheet and positive cash flow generation provide some stability. Technical analysis suggests a positive short-term trend, while the earnings call highlights strong growth in critical minerals, contributing positively to the score. Valuation remains a concern due to negative earnings, but the dividend yield offers some investor return.

Ecora Resources Business Overview & Revenue Model

Company Description

Ecora Resources is a natural resource investment company based in Canada, primarily focused on acquiring and managing a diversified portfolio of mineral and energy assets. The company operates in sectors such as mining, energy, and natural resources, with a core focus on generating long-term value through strategic partnerships and investments in various commodities, including precious metals and base metals. Ecora aims to leverage its expertise in resource management to enhance the value of its assets and create sustainable growth.

How the Company Makes Money

Ecora Resources generates revenue primarily through royalties and streams from its mineral and energy investments. The company's revenue model is built on acquiring interests in resource projects and receiving payments based on the production of minerals or energy generated from those projects. Key revenue streams include royalty payments from producing mines, which provide a percentage of the revenues generated by the operations without direct involvement in mining activities. Additionally, Ecora may enter into strategic partnerships with mining companies, enhancing its earnings through collaborations that allow for shared risk and potential upside in resource development. The company's focus on sustainable investments and diversification across various resource sectors further contributes to its financial stability and growth potential.

Ecora Resources Financial Statement Overview

Summary

Ecora Resources faces challenges with declining revenue and profitability, impacting its income statement. Despite this, the balance sheet remains solid with low leverage and a strong equity position, offering some stability. Cash flow conditions are favorable in terms of cash generation, but past volatility poses risks. The company needs to address its revenue and profitability issues to improve its financial health.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	25.99M	59.61M	61.90M	141.87M	85.30M	34.01M
Gross Profit	12.34M	50.49M	53.09M	99.25M	43.83M	22.09M
EBITDA	12.48M	22.61M	18.52M	126.80M	54.35M	35.45M
Net Income	-30.35M	-9.83M	847.00K	94.64M	27.25M	-18.60M
Balance Sheet
Total Assets	590.76M	553.97M	636.28M	564.42M	384.26M	286.20M
Cash, Cash Equivalents and Short-Term Investments	7.94M	7.88M	7.85M	4.86M	21.99M	27.51M
Total Debt	135.63M	93.29M	85.76M	45.60M	112.77M	45.28M
Total Liabilities	160.85M	119.33M	154.26M	145.76M	120.61M	71.20M
Stockholders Equity	429.91M	434.64M	378.11M	503.60M	263.65M	293.49M
Cash Flow
Free Cash Flow	-32.16M	18.92M	-23.57M	55.52M	32.62M	14.50M
Operating Cash Flow	20.47M	29.59M	33.54M	104.15M	32.65M	15.72M
Investing Cash Flow	-47.10M	-6.26M	-43.17M	-54.01M	-136.61M	14.44M
Financing Cash Flow	19.91M	-22.70M	11.72M	-92.74M	76.63M	-18.28M

Ecora Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 94.90
• 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 Positive. The current price of 94.9 is above the 20-day moving average (MA) of 91.19, above the 50-day MA of 84.77, and above the 200-day MA of 67.46, indicating a bullish trend. The MACD of 2.64 indicates Positive momentum. The RSI at 55.71 is Neutral, neither overbought nor oversold. The STOCH value of 57.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ECOR.

Ecora Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAPD	77 Outperform	£229.18M	12.90	8.44%	1.43%	-1.46%	-24.05%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JLP	61 Neutral	£97.54M	―	―	―	―	―
ECOR	61 Neutral	£230.61M	-9.81	-6.87%	2.02%	-63.09%	-253.25%

Ecora Resources Corporate Events

Ecora Resources Achieves Record Q3 2025 Performance with Strong Base Metals Growth

Ecora Resources reported a record-breaking Q3 2025, with a total portfolio contribution of $25 million, driven by strong performance in its base metals portfolio, particularly from the Mantos Blancos copper royalty and Voisey’s Bay cobalt stream. The company reduced its net debt by 30% and anticipates further growth milestones in the coming year, enhancing its position in the critical minerals market. The sale of the Dugbe gold royalty and resumed mining at Kestrel contributed to the company’s financial strength, while developments in the Santo Domingo project and cobalt export regulations in the Democratic Republic of Congo are expected to impact future operations.

The most recent analyst rating on (GB:ECOR) stock is a Hold with a £90.00 price target. To see the full list of analyst forecasts on Ecora Resources stock, see the GB:ECOR Stock Forecast page.

Ecora Resources Announces Strategic Partnership in Santo Domingo Project

Ecora Resources has announced that Orion Resource Partners LP will acquire a 25% stake in the Santo Domingo and Sierra Norte Projects for up to $360 million. Ecora holds a 2.0% Net Smelter Return royalty on the Santo Domingo project, expected to generate $30-35 million annually over the first seven years, aligning with its strategy to focus on critical minerals supporting electrification.

The most recent analyst rating on (GB:ECOR) stock is a Buy with a £120.00 price target. To see the full list of analyst forecasts on Ecora Resources stock, see the GB:ECOR Stock Forecast page.

Ecora Resources Reports Positive Developments in Phalaborwa Rare Earths Project

Ecora Resources PLC announced that Rainbow Rare Earths Limited has reported successful results from ongoing test work at the Phalaborwa rare earths project in South Africa, where Ecora holds a 0.85% Gross Revenue Royalty. This development could enhance Ecora’s revenue streams and strengthen its position in the critical minerals market, potentially benefiting stakeholders by contributing to the supply of essential rare earth elements.

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 Completes $20M Royalty Sale of Dugbe Gold Project

Ecora Resources PLC has completed the sale of a wholly-owned subsidiary that holds a 2% Net Smelter Return royalty over the Dugbe Gold Project in Liberia to a subsidiary of Elemental Altus Royalties Corp. The transaction is valued at up to $20 million, with $16.5 million received upon completion. This sale is part of Ecora’s strategic focus on optimizing its portfolio, potentially enhancing its financial position and allowing it to concentrate on other critical mineral projects.

The most recent analyst rating on (GB:ECOR) stock is a Hold with a £80.00 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 Strong Earnings and Strategic Growth

Ecora Resources Plc’s recent earnings call conveyed a positive sentiment, underscored by strong growth in the base metals segment, particularly copper and cobalt. The company’s strategic maneuvers, such as the sale of Dugbe Gold Royalty, were highlighted as successful, despite some concerns regarding high tax rates and challenges in the nickel market. Overall, the financial performance and strategic positioning in critical minerals were well-received.

Ecora Resources Gains from Successful Cobalt Test at Voisey’s Bay

Ecora Resources announced that Vale Base Metals has successfully completed a cobalt throughput test at the Voisey’s Bay mine, achieving a 93.7% average throughput rate over 90 days. Ecora holds a significant interest in the cobalt stream from this mine, which aligns with its strategy to focus on commodities crucial for sustainable energy solutions, potentially enhancing its market position and shareholder returns.

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 to Host Live Investor Presentation on 2025 Half Year Results

Ecora Resources PLC, a company listed on the London Stock Exchange and Toronto Stock Exchange, is set to host a live interactive presentation to discuss their 2025 Half Year Results. This event, scheduled for September 9, 2025, aims to engage current shareholders and potential investors, allowing them to submit questions and gain insights into the company’s performance and future prospects.

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 Strengthens Board with South32 Nominee

Ecora Resources PLC announced the appointment of Michael Falconer as a non-executive director, nominated by South32, which holds a significant stake in the company. Falconer’s extensive experience in the mining sector, particularly his familiarity with South32’s operations and his business development expertise, is expected to enhance Ecora’s board as the company continues to expand its portfolio of critical mineral royalties. This strategic move aligns with Ecora’s focus on supporting the energy transition through its diversified royalty portfolio, which is increasingly centered on commodities vital for electrification.

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 Reports Strong Growth in Base Metals Amid Strategic Shift

Ecora Resources PLC reported a significant 81% increase in contributions from its base metals portfolio for the first half of 2025, driven by strong performances at Voisey’s Bay and Mantos Blancos, and the acquisition of a copper stream at Mimbula. Despite a decrease in total portfolio contribution due to timing differences at Kestrel, the company is focusing on deleveraging and expanding its critical minerals portfolio. The sale of the Dugbe gold royalty for up to $20 million will aid in reducing debt and provide flexibility for future acquisitions. Ecora’s strategic pivot towards a revenue model centered on critical minerals, particularly copper, is expected to enhance its market position and provide long-term value to stakeholders.

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 Sells Dugbe Gold Royalty for Up to $20 Million

Ecora Resources has agreed to sell its subsidiary holding a 2% Net Smelter Return royalty over the Dugbe Gold Project in Liberia to Elemental Altus Royalties Corp. for up to $20 million. The transaction, which includes a $16.5 million upfront payment and contingent considerations, will enable Ecora to accelerate deleveraging and acquire cash-generative royalties in its targeted commodity basket, highlighting the substantial value within its royalty portfolio.

The most recent analyst rating on (GB:ECOR) stock is a Buy with a £120.00 price target. To see the full list of analyst forecasts on Ecora Resources stock, see the GB:ECOR Stock Forecast page.