enCore Energy Corp. (NASDAQ:EU) Given Average Rating of “Moderate Buy” by Brokerages

enCore Energy Corp. (NASDAQ:EU) has been given an average rating of “Moderate Buy” by the five ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $3.8333.

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

enCore Energy Stock Down 5.5%

Shares of NASDAQ:EU opened at $1.72 on Friday. The business’s 50 day moving average is $2.65 and its 200 day moving average is $2.75. The stock has a market cap of $334.06 million, a P/E ratio of -6.14 and a beta of 2.10. enCore Energy has a 52-week low of $1.01 and a 52-week high of $4.19. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39.

Insider Buying and Selling at enCore Energy

In other news, insider William M. Sheriff sold 10,000 shares of the company’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 completion of the sale, the insider owned 2,876 shares of the company’s stock, valued at approximately $8,081.56. This represents a 77.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On enCore Energy

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. grew its position in shares of enCore Energy by 25.1% in the 2nd quarter. Raymond James Financial Inc. now owns 19,968 shares of the company’s stock worth $57,000 after buying an additional 4,000 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its position in enCore Energy by 0.3% during the third quarter. Goehring & Rozencwajg Associates LLC now owns 1,165,336 shares of the company’s stock valued at $3,741,000 after acquiring an additional 4,016 shares during the last quarter. Intech Investment Management LLC lifted its position in enCore Energy by 6.5% during the fourth quarter. Intech Investment Management LLC now owns 68,650 shares of the company’s stock valued at $170,000 after acquiring an additional 4,219 shares during the last quarter. Franklin Resources Inc. boosted its stake in enCore Energy by 24.6% in the third quarter. Franklin Resources Inc. now owns 21,560 shares of the company’s stock valued at $69,000 after acquiring an additional 4,252 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in enCore Energy by 192.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock valued at $26,000 after acquiring an additional 5,356 shares in the last quarter. Institutional investors own 20.86% of the company’s stock.

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.