Shares of enCore Energy Corp. (NASDAQ:EU – Get Free Report) have earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $2.8967.
EU has been the subject of several recent analyst reports. Zacks Research lowered shares of enCore Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Northland Securities set a $3.75 price objective on shares of enCore Energy in a report on Monday, May 18th. Weiss Ratings upgraded shares of enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised shares of enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group began coverage on shares of enCore Energy in a research report on Thursday, September 3rd. They set a “buy” rating and a $1.44 price target for the company.
Get Our Latest Research Report on enCore Energy
Insider Transactions at enCore Energy
Hedge Funds Weigh In On enCore Energy
A number of hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in enCore Energy in the 4th quarter valued at about $2,379,000. Azarias Capital Management L.P. boosted its holdings in shares of 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 worth $9,122,000 after purchasing an additional 934,857 shares during the last quarter. GeoSphere Capital Management LLC boosted its holdings in shares of enCore Energy by 333.3% during the 4th quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock worth $3,224,000 after purchasing an additional 1,000,000 shares during the last quarter. Krilogy Financial LLC purchased a new stake in shares of enCore Energy in the first quarter valued at approximately $36,000. Finally, Brookstone Capital Management purchased a new stake in shares of enCore Energy in the first quarter valued at approximately $26,000. Institutional investors and hedge funds own 20.86% of the company’s stock.
enCore Energy Stock Down 2.4%
Shares of EU opened at $1.21 on Thursday. The firm has a market cap of $235.08 million, a P/E ratio of -3.67 and a beta of 2.13. enCore Energy has a 12 month low of $1.03 and a 12 month high of $4.18. The stock’s 50 day moving average is $1.22 and its two-hundred day moving average is $1.60. The company has a current ratio of 8.00, a quick ratio of 6.84 and a debt-to-equity ratio of 0.45.
enCore Energy (NASDAQ:EU – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.11). enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%.The business had revenue of $15.70 million for the quarter. Analysts predict that enCore Energy will post -0.41 earnings per share for the current fiscal year.
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.
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