Ecora Resources target price raised by Canadian bank
Ecora Resources PLC's (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) half-year has prompted RBC to remove US$83 million in investments from its 2024/2025 forecasts due to comments on the call on the Incoa project and the unlikely near- term execution of the Piaui option. As a result, net debt and acquisition costs are reduced, increasing RBC's price target from 100p to 120p.
Ecora Resources has 'real value' at this level, broker suggests
Ecora Resources PLC's (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) interim profits after tax at US$11.5 million were significantly higher than expectations, says broker Peel Hunt. A lower-than-expected impairment of the Kestrel coal royalty plus a positive revaluation of other royalty financial instruments helped the numbers with a net gain of $8.5m.
Ecora Resources posts big profit after strong Kestrel performance
Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) saw a near US$28 million swing into the black in its latest half-year as the royalty specialist received a bumper contribution from its Kestrel asset in Australia. Profits jumped to US$17.9 million from a loss of US$10.2 million, as total income rose to US$51.3 million (from US$44.5 million) in the six months to end June 2024 with Kestrel contributing around 80% of royalties.
electroCore, Inc. (ECOR) Q2 2024 Earnings Call Transcript
electroCore, Inc. (NASDAQ:ECOR ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Dan Goldberger - CEO Brian Posner - CFO Conference Call Participants Jeffrey Cohen - Ladenburg Thalmann Anthony Vendetti - Maxim Group Sean Lee - H.C. Wainwright Tyler Bussian - Brookline Capital Markets Walter Schenker - MAZ Partners Operator Greetings, and welcome to the electroCore Second Quarter 2024 Earnings Conference Call.
ElectroCore, Inc. (ECOR) Reports Q2 Loss, Tops Revenue Estimates
ElectroCore, Inc. (ECOR) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.39. This compares to loss of $1.03 per share a year ago.
Ecora Resources notes updated feasibility study at San Domingo
Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) has noted the Capstone Copper Corp updated Feasibility Study on the Santo Domingo project, over which Ecora holds a 2% Net Smelter Return royalty. The group's royalty area includes the highest copper grade portion of the deposit, expected to be mined during the initial 6 to 7 years of production.
Ecora Resources substantially beats interim forecasts as Kestrel contribution soars
Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) second quarter performance came in well above expectations due to a strong contribution from its Kestrel royalty in Australia. Second quarter income jumped 63% to US$31.8 million as volumes were higher than expected from its area of Kestrel, while the rest of the portfolio performed as expected.
Ecora Resources takes royalty over Phalaborwa rare earths project
Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) has agreed to acquire a 0.85% Gross Revenue Royalty (GRR) over the Phalaborwa rare earth project in South Africa for a total cash consideration of US$8.5 million. In addition, Ecora has subscribed for US$1.5 million in new shares in Rainbow Rare Earths, the project's owner The investment represents Ecora's first rare earth exposure and is in line with a stated strategy of further diversifying and growing its portfolio of future-facing commodity royalties.
Ecora Resources shares "cheap", says broker after copper update
Shares in Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) are "cheap", said broker Peel Hunt in a short note following an update on a project over which Ecora has a royalty agreement. Peel picked up on the news from Capstone Copper, which on Tuesday announced the production of the first saleable concentrate from the Mantoverde operation, that would process ore from the Santo Domingo copper-iron-gold deposits "in due course".
Wall Street Analysts See a 251.77% Upside in electroCore (ECOR): Can the Stock Really Move This High?
The average of price targets set by Wall Street analysts indicates a potential upside of 251.8% in electroCore (ECOR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
