B. Riley Upgrades enCore Energy (NASDAQ:EU) to “Strong-Buy”

enCore Energy (NASDAQ:EU) was upgraded by equities research analysts at B. Riley to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Separately, HC Wainwright reissued a “buy” rating and set a $2.75 price objective on shares of enCore Energy in a research report on Tuesday, May 13th.

enCore Energy Stock Up 4.6%

EU opened at $3.16 on Tuesday. enCore Energy has a twelve month low of $1.01 and a twelve month high of $4.44. The company has a 50-day moving average price of $2.39 and a 200 day moving average price of $2.24. The company has a market cap of $591.11 million, a PE ratio of -8.54 and a beta of 1.86.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The company had revenue of $18.24 million during the quarter, compared to analyst estimates of $15.10 million. enCore Energy had a negative return on equity of 16.08% and a negative net margin of 142.32%. As a group, sell-side analysts expect that enCore Energy will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ballentine Partners LLC bought a new position in shares of enCore Energy during the 2nd quarter valued at about $29,000. Raymond James Financial Inc. acquired a new stake in enCore Energy in the fourth quarter valued at approximately $38,000. Shakespeare Wealth Management LLC acquired a new stake in enCore Energy in the fourth quarter valued at approximately $52,000. LPL Financial LLC acquired a new stake in shares of enCore Energy in the fourth quarter worth $56,000. Finally, Cibc World Markets Corp bought a new position in enCore Energy during the fourth quarter worth $58,000. 20.86% of the stock is currently owned by institutional investors.

About enCore Energy

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.