HC Wainwright Begins Coverage on enCore Energy (NASDAQ:EU)

Research analysts at HC Wainwright started coverage on shares of enCore Energy (NASDAQ:EU) in a report released on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $7.50 price target on the stock. HC Wainwright’s price objective would indicate a potential upside of 51.82% from the company’s previous close.

Separately, B. Riley started coverage on enCore Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $6.00 target price on the stock.

enCore Energy Price Performance

Shares of EU stock opened at $4.94 on Monday. The firm has a 50 day moving average of $4.29. enCore Energy has a one year low of $1.93 and a one year high of $5.05. The company has a market capitalization of $895.87 million, a PE ratio of -30.88 and a beta of 0.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.04 and a quick ratio of 4.03.

enCore Energy (NASDAQ:EU) last announced its earnings results on Thursday, March 28th. The company reported ($0.09) EPS for the quarter. As a group, research analysts expect that enCore Energy will post 0.17 earnings per share for the current year.

Institutional Investors Weigh In On enCore Energy

Several large investors have recently made changes to their positions in EU. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of enCore Energy by 7.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,260,952 shares of the company’s stock worth $32,640,000 after acquiring an additional 541,050 shares during the period. Azarias Capital Management L.P. grew its stake in shares of enCore Energy by 232.0% during the 1st quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company’s stock worth $18,013,000 after acquiring an additional 2,626,395 shares during the period. Fourth Sail Capital LP bought a new position in shares of enCore Energy during the 4th quarter worth $5,519,000. Goehring & Rozencwajg Associates LLC grew its stake in shares of enCore Energy by 3.9% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 905,195 shares of the company’s stock worth $3,557,000 after acquiring an additional 34,125 shares during the period. Finally, Van ECK Associates Corp bought a new position in enCore Energy in the 1st quarter worth about $3,399,000. 20.86% of the stock is owned by hedge funds and other institutional investors.

enCore Energy Company Profile

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.