enCore Energy (NASDAQ:EU) Now Covered by Northland Securities

Equities research analysts at Northland Securities assumed coverage on shares of enCore Energy (NASDAQ:EU) in a research report issued to clients and investors on Tuesday. The brokerage set an “outperform” rating and a $3.50 price target on the stock. Northland Securities’ price target suggests a potential upside of 25.22% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a report on Wednesday, October 8th. Wall Street Zen cut enCore Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.83.

enCore Energy Stock Up 0.5%

NASDAQ EU traded up $0.02 on Tuesday, hitting $2.80. The stock had a trading volume of 505,748 shares, compared to its average volume of 2,792,959. The business’s fifty day moving average price is $2.67 and its 200 day moving average price is $2.76. The stock has a market cap of $523.51 million, a price-to-earnings ratio of -9.95 and a beta of 2.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 13.64 and a quick ratio of 12.48. enCore Energy has a 52-week low of $1.01 and a 52-week high of $4.18.

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

Insider Activity

In other news, insider William M. Sheriff sold 16,500 shares of the company’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $2.42, for a total value of $39,930.00. Following the sale, the insider owned 31,376 shares in the company, valued at $75,929.92. This represents a 34.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis Stover sold 20,000 shares of enCore Energy stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $3.54, for a total value of $70,800.00. Following the transaction, the director owned 468,500 shares of the company’s stock, valued at approximately $1,658,490. This represents a 4.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 84,500 shares of company stock worth $231,210 over the last ninety days. 3.90% of the stock is owned by insiders.

Institutional Trading of enCore Energy

Several institutional investors have recently bought and sold shares of EU. Ballentine Partners LLC purchased a new stake in shares of enCore Energy during the second quarter worth about $29,000. Los Angeles Capital Management LLC acquired a new stake in enCore Energy in the 2nd quarter worth about $68,000. Atria Wealth Solutions Inc. purchased a new stake in enCore Energy during the 2nd quarter worth approximately $88,000. Azarias Capital Management L.P. increased its stake 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 buying an additional 352,775 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of enCore Energy during the second quarter valued at approximately $35,000. 20.86% of the stock is owned by institutional investors and hedge funds.

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.