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

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

A number of equities research analysts have recently commented on the company. Wall Street Zen raised enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. HC Wainwright cut their target price on enCore Energy from $4.00 to $3.75 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, Northland Securities set a $3.75 price target on enCore Energy in a report on Monday, May 18th.

enCore Energy Price Performance

Shares of EU stock opened at $1.33 on Tuesday. The stock has a market cap of $258.35 million, a price-to-earnings ratio of -8.87 and a beta of 2.01. The business’s fifty day moving average is $1.63 and its 200 day moving average is $2.17. enCore Energy has a twelve month low of $1.26 and a twelve month high of $4.19. The company has a quick ratio of 10.25, a current ratio of 11.08 and a debt-to-equity ratio of 0.39.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%.The firm had revenue of $18.30 million during the quarter, compared to analysts’ expectations of $9.30 million. Research analysts expect that enCore Energy will post -0.32 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Wayne W. Heili acquired 35,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $1.44 per share, with a total value of $50,400.00. Following the completion of the purchase, the director directly owned 35,000 shares of the company’s stock, valued at $50,400. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William M. Sheriff acquired 50,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $1.49 per share, for a total transaction of $74,500.00. Following the purchase, the chairman directly 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 ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 259,905 shares of company stock worth $362,534 over the last ninety days. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of enCore Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in enCore Energy by 13.2% during the 1st quarter. NewEdge Advisors LLC now owns 294,405 shares of the company’s stock valued at $403,000 after buying an additional 34,250 shares in the last quarter. Creative Planning raised its stake in enCore Energy by 66.1% during the second quarter. Creative Planning now owns 24,162 shares of the company’s stock valued at $69,000 after purchasing an additional 9,612 shares in the last quarter. Prudential Financial Inc. raised its stake in enCore Energy by 68.9% during the second quarter. Prudential Financial Inc. now owns 20,550 shares of the company’s stock valued at $59,000 after purchasing an additional 8,380 shares in the last quarter. Marshall Wace LLP raised its stake in 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 purchasing an additional 941,691 shares in the last quarter. Finally, Main Street Financial Solutions LLC purchased a new stake in enCore Energy during the second quarter valued at $87,000. 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.