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

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

EU has been the subject of a number of recent research reports. Weiss Ratings upgraded enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. HC Wainwright dropped their target price on enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a report on Friday, May 15th. Wall Street Zen upgraded enCore Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Northland Securities set a $3.75 target price on enCore Energy in a report on Monday, May 18th.

enCore Energy Price Performance

Shares of enCore Energy 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 company has a debt-to-equity ratio of 0.39, a quick ratio of 10.25 and a current ratio of 11.08. The stock has a 50 day moving average price of $1.63 and a 200-day moving average price of $2.17. enCore Energy has a one year low of $1.26 and a one year high of $4.19.

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

Insiders Place Their Bets

In other enCore Energy news, Chairman William M. Sheriff acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of $1.49 per share, for a total transaction of $74,500.00. Following the acquisition, the chairman directly owned 1,387,169 shares in the company, valued at $2,066,881.81. The trade was a 3.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark S. Pelizza acquired 99,182 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $1.37 per share, with a total value of $135,879.34. Following the acquisition, the director owned 237,515 shares in the company, valued at $325,395.55. This trade represents a 71.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 259,905 shares of company stock worth $362,534 in the last 90 days. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On enCore Energy

A number of large investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its holdings in enCore Energy by 76.7% during the 3rd quarter. Van ECK Associates Corp now owns 15,972,156 shares of the company’s stock valued at $51,271,000 after acquiring an additional 6,933,454 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in enCore Energy by 5.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,798,779 shares of the company’s stock valued at $34,846,000 after acquiring an additional 582,974 shares during the period. Azarias Capital Management L.P. boosted its holdings in enCore Energy by 22.6% during the 1st quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company’s stock valued at $9,122,000 after acquiring an additional 934,857 shares during the period. Vident Advisory LLC boosted its holdings in enCore Energy by 3.8% during the 3rd quarter. Vident Advisory LLC now owns 3,293,914 shares of the company’s stock valued at $10,629,000 after acquiring an additional 121,152 shares during the period. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in enCore Energy by 19.3% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,464,724 shares of the company’s stock valued at $2,637,000 after acquiring an additional 237,469 shares during the period. Hedge funds and other 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.