Brokerages Set enCore Energy Corp. (NASDAQ:EU) PT at $3.83

enCore Energy Corp. (NASDAQ:EU) has been given an average rating of “Moderate Buy” by the five research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $3.8333.

Several brokerages have issued reports on EU. Wall Street Zen cut shares of enCore Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Northland Securities initiated coverage on shares of enCore Energy in a report on Tuesday, January 6th. They set an “outperform” rating and a $3.50 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, January 21st.

enCore Energy Trading Down 9.1%

Shares of NASDAQ EU opened at $2.89 on Friday. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $2.82 and a two-hundred day simple moving average of $2.81. The firm has a market cap of $541.96 million, a PE ratio of -10.32 and a beta of 2.02. enCore Energy has a twelve month low of $1.01 and a twelve month high of $4.18.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $8.88 million for the quarter. enCore Energy had a negative return on equity of 19.83% and a negative net margin of 118.78%. Analysts expect that enCore Energy will post -0.2 earnings per share for the current fiscal year.

Insider Activity

In other news, insider William M. Sheriff sold 24,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $2.37, for a total value of $56,880.00. Following the completion of the transaction, the insider directly owned 2,262,055 shares of the company’s stock, valued at approximately $5,361,070.35. The trade was a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 74,500 shares of company stock valued at $188,510. Company insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in enCore Energy by 13.2% during the 1st quarter. NewEdge Advisors LLC now owns 294,405 shares of the company’s stock valued at $403,000 after purchasing an additional 34,250 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in enCore Energy in the second quarter valued at approximately $35,000. Atria Wealth Solutions Inc. acquired a new position in enCore Energy in the 2nd quarter worth approximately $88,000. Bank of Montreal Can raised its position in enCore Energy by 35.6% during the 2nd quarter. Bank of Montreal Can now owns 25,406 shares of the company’s stock worth $73,000 after buying an additional 6,666 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in enCore Energy during the 2nd quarter valued at approximately $68,000. 20.86% of the stock is owned by institutional investors and hedge funds.

enCore Energy Company Profile

enCore Energy Inc is a U.S.-based uranium exploration and development company focused on deploying in-situ recovery (ISR) technology to bring domestic uranium projects into production. The company’s operations are centered on the Nichols Ranch ISR facility in Wyoming, which represents enCore’s flagship asset and its nearest-term production opportunity. Through ISR methods, enCore seeks to extract uranium with lower environmental impact and capital requirements relative to conventional mining.

In addition to Nichols Ranch, enCore holds a diversified portfolio of uranium properties in the western United States, including the Roca Honda project in New Mexico and several ISR-amenable projects in the Texas and Oklahoma regions.