enCore Energy (NASDAQ:EU) Stock Rating Lowered by Wall Street Zen

enCore Energy (NASDAQ:EU) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Other equities research analysts have also recently issued research reports about the stock. B. Riley assumed coverage on shares of enCore Energy in a research report on Wednesday, July 23rd. They set a “buy” rating and a $4.00 price target for the company. HC Wainwright raised their target price on enCore Energy from $2.75 to $4.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Finally, Zacks Research raised enCore Energy to a “hold” rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $4.00.

enCore Energy Trading Up 13.0%

NASDAQ EU opened at $2.52 on Friday. The stock has a 50-day moving average of $2.62 and a 200-day moving average of $2.08. enCore Energy has a 1-year low of $1.01 and a 1-year high of $4.44. The firm has a market cap of $471.49 million, a PE ratio of -7.20 and a beta of 1.84.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.07) earnings per share for the quarter. enCore Energy had a negative net margin of 143.28% and a negative return on equity of 19.23%. The company had revenue of $3.66 million during the quarter. As a group, equities research analysts forecast that enCore Energy will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of enCore Energy

Several institutional investors have recently made changes to their positions in the business. MMCAP International Inc. SPC boosted its stake in enCore Energy by 66.0% in the 1st quarter. MMCAP International Inc. SPC now owns 3,819,501 shares of the company’s stock worth $5,232,000 after purchasing an additional 1,517,992 shares during the period. Vident Advisory LLC grew its stake in enCore Energy by 32.9% during the second quarter. Vident Advisory LLC now owns 3,172,762 shares of the company’s stock valued at $9,045,000 after acquiring an additional 785,568 shares in the last quarter. Geode Capital Management LLC increased its holdings in enCore Energy by 6.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,371,758 shares of the company’s stock valued at $6,783,000 after acquiring an additional 139,010 shares during the last quarter. Boundary Creek Advisors LP purchased a new stake in enCore Energy in the 1st quarter worth $2,898,000. Finally, AWM Investment Company Inc. lifted its stake in enCore Energy by 118.1% in the 4th quarter. AWM Investment Company Inc. now owns 1,297,619 shares of the company’s stock worth $4,425,000 after purchasing an additional 702,619 shares in the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

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.