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

Shares of enCore Energy Corp. (NASDAQ:EU) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the company, MarketBeat 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 issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $3.8333.

A number of research analysts have recently weighed in on EU shares. Northland Securities started coverage on enCore Energy in a research report on Tuesday, January 6th. They set an “outperform” rating and a $3.50 price objective for the company. Wall Street Zen lowered enCore Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of enCore Energy in a report on Wednesday, January 21st.

Insiders Place Their Bets

In related news, insider William M. Sheriff sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $2.81, for a total transaction of $28,100.00. Following the sale, the insider owned 2,876 shares of the company’s stock, valued at $8,081.56. This represents a 77.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 74,500 shares of company stock valued at $188,510 in the last quarter. Insiders own 3.90% of the company’s stock.

Institutional Trading of enCore Energy

Several hedge funds and other institutional investors have recently bought and sold shares of EU. Van ECK Associates Corp boosted its stake in shares of enCore Energy by 76.7% during the 3rd quarter. Van ECK Associates Corp now owns 15,972,156 shares of the company’s stock worth $51,271,000 after purchasing an additional 6,933,454 shares during the period. Nomura Holdings Inc. purchased a new stake in enCore Energy in the 3rd quarter worth about $4,590,000. Two Sigma Investments LP bought a new stake in enCore Energy in the third quarter worth about $3,804,000. Marshall Wace LLP boosted its position in shares of enCore Energy by 293.9% during the second quarter. Marshall Wace LLP now owns 1,262,065 shares of the company’s stock valued at $3,610,000 after buying an additional 941,691 shares during the period. Finally, Vident Advisory LLC boosted its position in shares of enCore Energy by 32.9% during the second quarter. Vident Advisory LLC now owns 3,172,762 shares of the company’s stock valued at $9,045,000 after buying an additional 785,568 shares during the period. Hedge funds and other institutional investors own 20.86% of the company’s stock.

enCore Energy Trading Down 7.8%

enCore Energy stock opened at $2.85 on Friday. enCore Energy has a 1 year low of $1.01 and a 1 year high of $4.18. The firm’s 50 day moving average price is $2.83 and its 200-day moving average price is $2.81. 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 cap of $534.46 million, a P/E ratio of -10.18 and a beta of 2.03.

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

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.