HC Wainwright Lowers enCore Energy (NASDAQ:EU) Price Target to $3.75

enCore Energy (NASDAQ:EU) had its price target reduced by analysts at HC Wainwright from $4.00 to $3.75 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 131.48% from the company’s previous close.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of enCore Energy in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, enCore Energy has an average rating of “Moderate Buy” and a consensus target price of $3.75.

enCore Energy Price Performance

Shares of NASDAQ:EU opened at $1.62 on Friday. The firm has a market capitalization of $314.64 million, a PE ratio of -5.23 and a beta of 2.18. The company has a current ratio of 8.03, a quick ratio of 7.64 and a debt-to-equity ratio of 0.43. enCore Energy has a 1-year low of $1.54 and a 1-year high of $4.19. The business’s 50 day moving average is $1.89 and its 200-day moving average is $2.46.

enCore Energy (NASDAQ:EU) last issued its earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). enCore Energy had a negative net margin of 131.75% and a negative return on equity of 20.72%. Sell-side analysts predict that enCore Energy will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On enCore Energy

Several hedge funds and other institutional investors have recently modified their holdings of EU. Raymond James Financial Inc. boosted its stake in enCore Energy by 25.1% in the 2nd 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 in the last quarter. Goehring & Rozencwajg Associates LLC lifted its holdings in shares of enCore Energy by 0.3% during the third 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. Intech Investment Management LLC boosted its stake in shares of enCore Energy by 6.5% in the 4th quarter. Intech Investment Management LLC now owns 68,650 shares of the company’s stock valued at $170,000 after purchasing an additional 4,219 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of enCore Energy by 24.6% in the 3rd quarter. Franklin Resources Inc. now owns 21,560 shares of the company’s stock worth $69,000 after purchasing an additional 4,252 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of enCore Energy by 192.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock worth $26,000 after purchasing an additional 5,356 shares during the last quarter. Institutional investors 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.