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

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

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

enCore Energy Stock Down 5.5%

enCore Energy stock opened at $1.72 on Friday. enCore Energy has a 1-year low of $1.01 and a 1-year high of $4.19. The business has a fifty day moving average price of $2.65 and a 200-day moving average price of $2.75. 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 $334.06 million, a price-to-earnings ratio of -6.14 and a beta of 2.10.

Insiders Place Their Bets

In other enCore Energy news, insider William M. Sheriff sold 10,000 shares of the business’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 transaction of $28,100.00. Following the sale, the insider owned 2,876 shares of the company’s stock, valued at approximately $8,081.56. The trade was a 77.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp grew its holdings 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 buying an additional 6,933,454 shares during the last quarter. MMCAP International Inc. SPC raised its stake in enCore Energy by 13.0% in the 3rd quarter. MMCAP International Inc. SPC now owns 4,316,838 shares of the company’s stock worth $13,857,000 after acquiring an additional 497,337 shares during the last quarter. Azarias Capital Management L.P. lifted its position in 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 acquiring an additional 352,775 shares during the period. Mirabella Financial Services LLP lifted its position in enCore Energy by 5.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 789,326 shares of the company’s stock worth $2,534,000 after acquiring an additional 39,326 shares during the period. Finally, Goehring & Rozencwajg Associates LLC grew its stake in enCore Energy by 0.3% during the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 1,165,336 shares of the company’s stock valued at $3,741,000 after purchasing an additional 4,016 shares during the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

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.