enCore Energy (NASDAQ:EU) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of enCore Energy (NASDAQ:EU) from a hold rating to a sell rating in a research note released on Saturday morning.

Other equities analysts have also recently issued reports about the company. Zacks Research upgraded enCore Energy to a “hold” rating in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, October 8th. Finally, HC Wainwright boosted their price target on shares of enCore Energy from $2.75 to $4.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $4.00.

enCore Energy Stock Up 7.1%

EU stock opened at $2.57 on Friday. enCore Energy has a one year low of $1.01 and a one year high of $4.18. The firm has a market cap of $481.23 million, a PE ratio of -9.18 and a beta of 1.98. The firm’s 50 day moving average price is $2.99 and its 200-day moving average price is $2.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 12.48 and a current ratio of 13.64.

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

Insider Activity

In other news, Director William B. Harris sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $3.41, for a total value of $272,800.00. Following the completion of the transaction, the director owned 280,001 shares of the company’s stock, valued at approximately $954,803.41. This trade represents a 22.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 transaction of $70,800.00. Following the completion of the transaction, the director owned 468,500 shares of the company’s stock, valued at $1,658,490. This trade represents a 4.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 120,000 shares of company stock valued at $410,200. 3.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On enCore Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EU. Nuveen LLC acquired a new stake in shares of enCore Energy in the first quarter valued at $662,000. Boundary Creek Advisors LP acquired a new position in enCore Energy during the 1st quarter worth $2,898,000. American Century Companies Inc. increased its holdings in enCore Energy by 92.2% during the 1st quarter. American Century Companies Inc. now owns 194,218 shares of the company’s stock worth $266,000 after purchasing an additional 93,167 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in enCore Energy by 64.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company’s stock worth $27,000 after purchasing an additional 7,461 shares during the period. Finally, XTX Topco Ltd raised its position in enCore Energy by 325.2% in the 1st quarter. XTX Topco Ltd now owns 129,683 shares of the company’s stock valued at $178,000 after purchasing an additional 99,183 shares in the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

enCore Energy Company Profile

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.