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

by · The Markets Daily

Shares of enCore Energy Corp. (NASDAQ:EU – Get Free Report) have received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $3.8333.

EU has been the topic of a number of recent research reports. HC Wainwright reduced their price objective on shares of enCore Energy from $4.00 to $3.75 and set a “buy” rating on the stock in a research note on Friday, May 15th. Wall Street Zen raised shares of enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Northland Securities set a $3.75 price objective on shares of enCore Energy in a research note on Monday, May 18th. Finally, Weiss Ratings cut shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday.

Check Out Our Latest Research Report on enCore Energy

enCore Energy Price Performance

EU opened at $1.28 on Friday. enCore Energy has a one year low of $1.26 and a one year high of $4.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 11.08 and a quick ratio of 10.25. The company’s 50 day simple moving average is $1.74 and its 200-day simple moving average is $2.30. The stock has a market capitalization of $248.61 million, a P/E ratio of -8.53 and a beta of 2.00.

enCore Energy (NASDAQ:EU – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). enCore Energy had a negative net margin of 62.96% and a negative return on equity of 21.98%. The company had revenue of $18.30 million for the quarter, compared to the consensus estimate of $9.30 million. Sell-side analysts anticipate that enCore Energy will post -0.27 earnings per share for the current fiscal year.

Insider Transactions at enCore Energy

In other enCore Energy news, Chairman William M. Sheriff acquired 50,000 shares of enCore Energy stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $1.49 per share, with a total value of $74,500.00. Following the completion of the purchase, the chairman owned 1,387,169 shares in the company, valued at $2,066,881.81. The trade was a 3.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On enCore Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. raised its holdings in enCore Energy by 25.1% in the second quarter. Raymond James Financial Inc. now owns 19,968 shares of the company’s stock worth $57,000 after purchasing an additional 4,000 shares during the period. Goehring & Rozencwajg Associates LLC raised its holdings in enCore Energy by 0.3% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 1,165,336 shares of the company’s stock worth $3,741,000 after purchasing an additional 4,016 shares during the period. Intech Investment Management LLC raised its holdings in enCore Energy by 6.5% in the fourth quarter. Intech Investment Management LLC now owns 68,650 shares of the company’s stock worth $170,000 after purchasing an additional 4,219 shares during the period. Franklin Resources Inc. raised its holdings in enCore Energy by 24.6% in the third quarter. Franklin Resources Inc. now owns 21,560 shares of the company’s stock worth $69,000 after purchasing an additional 4,252 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings 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 worth $26,000 after purchasing an additional 5,356 shares during the period. 20.86% of the stock is owned by institutional investors.

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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