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.
