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

enCore Energy Corp. (NASDAQ:EU) has earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $3.8333.

Several brokerages recently issued reports on EU. Northland Securities began coverage on enCore Energy in a research report on Tuesday, January 6th. They set an “outperform” rating and a $3.50 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, January 21st.

enCore Energy Trading Up 1.7%

Shares of NASDAQ EU opened at $1.79 on Friday. The firm has a 50 day moving average price of $2.53 and a two-hundred day moving average price of $2.73. The stock has a market cap of $347.65 million, a P/E ratio of -6.39 and a beta of 2.10. enCore Energy has a 52-week low of $1.01 and a 52-week high of $4.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 12.48 and a current ratio of 13.64.

Insiders Place Their Bets

In other enCore Energy news, insider William M. Sheriff sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $2.81, for a total transaction of $28,100.00. Following the completion of the transaction, the insider owned 2,876 shares in the company, valued at approximately $8,081.56. This trade represents a 77.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On enCore Energy

Several large investors have recently modified their holdings of EU. Bogart Wealth LLC acquired a new position in enCore Energy in the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd grew its holdings in enCore Energy by 192.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock worth $26,000 after acquiring an additional 5,356 shares during the period. Farther Finance Advisors LLC raised its position in shares of enCore Energy by 222.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock worth $27,000 after acquiring an additional 5,797 shares in the last quarter. Osaic Holdings Inc. acquired a new position in shares of enCore Energy in the 2nd quarter valued at about $29,000. Finally, Arax Advisory Partners boosted its position in shares of enCore Energy by 898.7% during the 4th quarter. Arax Advisory Partners now owns 11,545 shares of the company’s stock valued at $29,000 after purchasing an additional 10,389 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

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.