enCore Energy Corp. (NASDAQ:EU) Given Average Rating of “Moderate Buy” by Analysts

Shares of enCore Energy Corp. (NASDAQ:EU) have received a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $3.8333.

A number of equities analysts have commented on EU shares. Weiss Ratings restated a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, October 8th. Northland Securities began coverage on enCore Energy in a report on Tuesday. They issued an “outperform” rating and a $3.50 price target on the stock. Finally, Wall Street Zen lowered enCore Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd.

enCore Energy Stock Performance

Shares of NASDAQ:EU traded up $0.08 on Tuesday, reaching $2.86. 1,125,471 shares of the company’s stock were exchanged, compared to its average volume of 2,929,595. The business’s 50-day moving average is $2.67 and its two-hundred day moving average is $2.76. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39. enCore Energy has a fifty-two week low of $1.01 and a fifty-two week high of $4.18. The firm has a market capitalization of $534.75 million, a price-to-earnings ratio of -10.20 and a beta of 2.04.

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

Insider Buying and Selling at enCore Energy

In other news, insider William M. Sheriff sold 24,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $2.37, for a total transaction of $56,880.00. Following the completion of the transaction, the insider owned 2,262,055 shares of the company’s stock, valued at approximately $5,361,070.35. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis Stover sold 20,000 shares of the stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $3.54, for a total transaction of $70,800.00. Following the completion of the sale, the director directly owned 468,500 shares in the company, valued at approximately $1,658,490. This trade represents a 4.09% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 84,500 shares of company stock valued at $231,210. Corporate insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On enCore Energy

Several large investors have recently made changes to their positions in the company. Raymond James Financial Inc. raised its holdings in shares of enCore Energy by 25.1% during the second quarter. Raymond James Financial Inc. now owns 19,968 shares of the company’s stock valued at $57,000 after buying an additional 4,000 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its position in enCore Energy by 0.3% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 1,165,336 shares of the company’s stock valued at $3,741,000 after acquiring an additional 4,016 shares during the period. Franklin Resources Inc. raised its stake in enCore Energy by 24.6% during the 3rd quarter. Franklin Resources Inc. now owns 21,560 shares of the company’s stock valued at $69,000 after acquiring an additional 4,252 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake 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 valued at $26,000 after acquiring an additional 5,356 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in enCore Energy by 222.3% during 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 during the period. Institutional investors and hedge funds own 20.86% of the company’s stock.

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.