enCore Energy Corp. (EU) – What Are Brokerages Saying About This Stock?

enCore Energy Corp. (NASDAQ:EU) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $2.90.

A number of analysts have recently weighed in on the stock. HC Wainwright decreased their price target on shares of enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a research report on Friday, August 14th. B. Riley Financial reissued a “buy” rating on shares of enCore Energy in a report on Wednesday. Weiss Ratings lowered shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Zacks Research upgraded enCore Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Jefferies Financial Group initiated coverage on enCore Energy in a report on Thursday, September 3rd. They issued a “buy” rating and a $1.44 price objective for the company.

Insider Transactions at enCore Energy

In other news, Chairman William M. Sheriff purchased 100,000 shares of the stock in a transaction dated Monday, September 14th. The stock was acquired at an average price of $0.84 per share, for a total transaction of $84,000.00. Following the completion of the transaction, the chairman owned 1,512,169 shares of the company’s stock, valued at approximately $1,270,221.96. The trade was a 7.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan Hoxie-Key sold 30,648 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $0.94, for a total transaction of $28,809.12. Following the completion of the sale, the director owned 60,918 shares in the company, valued at $57,262.92. The trade was a 33.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 310,000 shares of company stock worth $262,100. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EU. Tidal Investments LLC bought a new stake in enCore Energy during the second quarter worth approximately $2,755,000. Bank of New York Mellon Corp acquired a new stake in enCore Energy in the second quarter worth approximately $725,000. Hennion & Walsh Asset Management Inc. boosted its stake in enCore Energy by 90.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 236,373 shares of the company’s stock valued at $310,000 after purchasing an additional 112,130 shares in the last quarter. Rathbones Group PLC bought a new position in enCore Energy during the 1st quarter valued at $63,000. Finally, J. Derek Lewis & Associates Inc. boosted its stake in enCore Energy by 82.8% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 53,000 shares of the company’s stock valued at $95,000 after purchasing an additional 24,000 shares in the last quarter. 20.86% of the stock is owned by institutional investors.

enCore Energy Trading Down 2.8%

NASDAQ EU opened at $0.79 on Friday. The company’s fifty day simple moving average is $1.05 and its 200-day simple moving average is $1.67. enCore Energy has a 52 week low of $0.66 and a 52 week high of $3.67. The company has a current ratio of 8.00, a quick ratio of 6.84 and a debt-to-equity ratio of 0.45. The stock has a market cap of $153.75 million, a P/E ratio of -2.39 and a beta of 2.16.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). enCore Energy had a negative net margin of 112.82% and a negative return on equity of 28.00%. The business had revenue of $15.70 million during the quarter. Equities research analysts predict that enCore Energy will post -0.41 EPS for the current fiscal year.

enCore Energy Company Profile

enCore Energy Corp. is a uranium company focused on developing and operating domestic uranium production assets in the United States. The company uses in-situ recovery (ISR), a method that extracts uranium from underground deposits by circulating a solution through the ore-bearing formation and processing the recovered material at a central plant.

enCore’s portfolio is concentrated primarily in South Texas, where it owns and operates the Rosita processing plant and is developing the Alta Mesa project.