Ecora Royalties emerges as defensive commodity play as Iran conflict roils mining sector

The royalty company's structure shields investors from rising fuel and chemical costs that are squeezing conventional miners RBC Capital Markets has highlighted Ecora Royalties PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF, FRA:HGR), the London-listed mining royalty company, as one of the better-performing equities since the outbreak of war with Iran. The Canadian bank reiterated its 'outperform' rating and 175p price target against a current share price of 133p (up 3%).