enCore Energy Corp. (NASDAQ:EU) Receives Consensus Rating of “Moderate Buy” from Brokerages

enCore Energy Corp. (NASDAQ:EU) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $3.8333.

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

enCore Energy Stock Up 3.4%

Shares of NASDAQ EU opened at $2.70 on Wednesday. The business’s fifty day moving average price is $2.81 and its 200-day moving average price is $2.80. enCore Energy has a one year low of $1.01 and a one year high of $4.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 13.64 and a quick ratio of 12.48. The stock has a market capitalization of $507.06 million, a PE ratio of -9.64 and a beta of 2.03.

Insider Buying and Selling at enCore Energy

In other news, insider William M. Sheriff sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $2.81, for a total value of $28,100.00. Following the transaction, the insider owned 2,876 shares in the company, valued at approximately $8,081.56. This trade represents a 77.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 50,500 shares of company stock worth $124,910 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On enCore Energy

Hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp increased its stake in shares of enCore Energy by 76.7% during the third quarter. Van ECK Associates Corp now owns 15,972,156 shares of the company’s stock valued at $51,271,000 after purchasing an additional 6,933,454 shares in the last quarter. Nomura Holdings Inc. bought a new position in enCore Energy during the third quarter valued at approximately $4,590,000. Two Sigma Investments LP purchased a new position in shares of enCore Energy in the 3rd quarter worth $3,804,000. GeoSphere Capital Management LLC grew its stake in shares of enCore Energy by 333.3% during the 4th quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock valued at $3,224,000 after purchasing an additional 1,000,000 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in enCore Energy during the fourth quarter valued at approximately $2,379,000. 20.86% of the stock is owned by hedge funds and other institutional investors.

About enCore Energy

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.