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

Shares of enCore Energy Corp. (NASDAQ:EU) have been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $3.8333.

A number of research firms have weighed in on EU. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a research report on Monday, April 20th. HC Wainwright decreased their price objective on shares of enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a research report on Friday, May 15th. Northland Securities set a $3.75 price objective on shares of enCore Energy in a research report on Monday, May 18th. Finally, Wall Street Zen raised shares of enCore Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th.

enCore Energy Stock Performance

NASDAQ:EU opened at $1.59 on Friday. 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 firm has a 50-day moving average of $1.77 and a two-hundred day moving average of $2.32. The stock has a market cap of $307.85 million, a P/E ratio of -10.57 and a beta of 2.00. enCore Energy has a 1-year low of $1.34 and a 1-year high of $4.19.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The firm had revenue of $18.30 million during the quarter, compared to analysts’ expectations of $9.30 million. enCore Energy had a negative net margin of 62.96% and a negative return on equity of 21.98%. On average, research analysts expect that enCore Energy will post -0.27 earnings per share for the current fiscal year.

Insider Activity at enCore Energy

In related news, Chairman William M. Sheriff purchased 50,000 shares of enCore Energy stock in a transaction dated Monday, May 18th. The shares were acquired at an average price of $1.49 per share, with a total value of $74,500.00. Following the completion of the transaction, the chairman owned 1,387,169 shares of the company’s stock, valued at approximately $2,066,881.81. This trade represents a 3.74% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On enCore Energy

Large investors have recently modified their holdings of the stock. Brookstone Capital Management bought a new position in shares of enCore Energy during the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its position in shares of enCore Energy by 192.6% during 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 last quarter. Osaic Holdings Inc. bought a new position in shares of enCore Energy during the second quarter worth about $29,000. Arax Advisory Partners lifted its position in shares of enCore Energy by 898.7% during the fourth quarter. Arax Advisory Partners now owns 11,545 shares of the company’s stock worth $29,000 after purchasing an additional 10,389 shares during the last quarter. Finally, Laurion Capital Management LP bought a new position in shares of enCore Energy during the fourth quarter worth about $29,000. 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.