enCore Energy (NASDAQ:EU) Now Covered by HC Wainwright

Investment analysts at HC Wainwright initiated coverage on shares of enCore Energy (NASDAQ:EU) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $7.50 price target on the stock. HC Wainwright’s target price would suggest a potential upside of 51.82% from the company’s previous close.

Separately, B. Riley assumed coverage on enCore Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $6.00 price target for the company.

enCore Energy Trading Up 1.0 %

enCore Energy stock opened at $4.94 on Monday. The company has a current ratio of 4.04, a quick ratio of 4.03 and a debt-to-equity ratio of 0.07. enCore Energy has a 1 year low of $1.93 and a 1 year high of $5.05. The firm has a market cap of $895.87 million, a P/E ratio of -30.88 and a beta of 0.07. The company’s 50-day simple moving average is $4.29.

enCore Energy (NASDAQ:EU) last released its earnings results on Thursday, March 28th. The company reported ($0.09) earnings per share (EPS) for the quarter. Research analysts forecast that enCore Energy will post 0.17 EPS for the current year.

Institutional Trading of enCore Energy

A number of institutional investors and hedge funds have recently modified their holdings of EU. Azarias Capital Management L.P. increased its stake in enCore Energy by 232.0% during the 1st quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company’s stock worth $18,013,000 after purchasing an additional 2,626,395 shares in the last quarter. Fourth Sail Capital LP bought a new position in shares of enCore Energy during the 4th quarter worth approximately $5,519,000. Van ECK Associates Corp bought a new position in shares of enCore Energy during the 1st quarter worth approximately $3,399,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of enCore Energy by 7.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,260,952 shares of the company’s stock worth $32,640,000 after acquiring an additional 541,050 shares in the last quarter. Finally, HTLF Bank bought a new position in shares of enCore Energy during the 4th quarter worth approximately $983,000. 20.86% of the stock is owned by institutional investors.

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.