Added to YB: 2026-08-17
Pitch date: 2026-08-13
ECOR.L [bullish]
Ecora Royalties PLC
+1.11%
current return
Author Info
No bio for this author
Company Info
Ecora Royalties PLC operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally.
Market Cap
GBP 554.1M
Pitch Price
GBP 1.62
Price Target
N/A
Dividend
0.91%
EV/EBITDA
16.31
P/E
24.99
EV/Sales
11.50
Sector
Metals and Mining
Category
value
A Royalty Rerate - Ecora Royalties PLC
ECOR.L: London-listed base metals royalty co (rare focus vs precious peers). US$600M EV near cumulative royalty acquisition cost, below fair value. Inflation-protected copper/cobalt exposure sans cost/tax lines. Portfolio could print ~$150M/yr = ~$1.5B value. Catalysts (6mo): Santo Domingo FID, West Musgrave sale/restart, Mimbula/Nifty commissioning, DRC cobalt squeeze. Clean balance sheet enables accretive deals, possibly w/ 17.5% holder South32. Risks: high SG&A ($12M), 2 key dev projects must build.
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