enCore Energy (NASDAQ:EU) Earns Outperform Rating from Analysts at Northland Securities

by · The Cerbat Gem

Equities researchers at Northland Securities initiated coverage on shares of enCore Energy (NASDAQ:EU – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set an “outperform” rating and a $3.50 price target on the stock. Northland Securities’ price target indicates a potential upside of 25.22% from the company’s previous close.

EU has been the topic of a number of other research reports. Wall Street Zen lowered enCore Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.83.

Read Our Latest Report on enCore Energy

enCore Energy Price Performance

Shares of NASDAQ:EU traded up $0.02 during midday trading on Tuesday, hitting $2.80. The company’s stock had a trading volume of 505,748 shares, compared to its average volume of 2,792,959. enCore Energy has a 12-month low of $1.01 and a 12-month high of $4.18. The company has a market cap of $523.51 million, a P/E ratio of -9.95 and a beta of 2.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 12.48 and a current ratio of 13.64. The business’s 50 day simple moving average is $2.67 and its 200 day simple moving average is $2.76.

enCore Energy (NASDAQ:EU – Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $8.88 million during the quarter. enCore Energy had a negative return on equity of 19.83% and a negative net margin of 118.78%. On average, analysts forecast that enCore Energy will post -0.2 EPS for the current year.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Director Dennis Stover sold 20,000 shares of enCore Energy stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $3.54, for a total value of $70,800.00. Following the completion of the transaction, the director directly owned 468,500 shares of the company’s stock, valued at $1,658,490. The trade was a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William M. Sheriff sold 24,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $2.37, for a total transaction of $56,880.00. Following the sale, the insider owned 2,262,055 shares in the company, valued at $5,361,070.35. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 84,500 shares of company stock valued at $231,210. Company insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EU. Ballentine Partners LLC acquired a new stake in enCore Energy in the second quarter valued at $29,000. Los Angeles Capital Management LLC purchased a new position in enCore Energy in the second quarter valued at approximately $68,000. Atria Wealth Solutions Inc. acquired a new stake in enCore Energy during the second quarter worth approximately $88,000. Azarias Capital Management L.P. lifted its position in shares of enCore Energy by 9.6% during the 3rd quarter. Azarias Capital Management L.P. now owns 4,032,939 shares of the company’s stock worth $12,946,000 after buying an additional 352,775 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in enCore Energy in the second quarter valued at $35,000. 20.86% of the stock is owned by institutional investors and hedge funds.

enCore Energy Company Profile

(Get Free Report)

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.

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