enCore Energy Corp. (NASDAQ:EU) Receives Average Recommendation of “Moderate Buy” from Brokerages

enCore Energy Corp. (NASDAQ:EU) has been given a consensus rating of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $3.75.

Several research firms recently weighed in on EU. HC Wainwright cut their price objective on shares of enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of enCore Energy in a research report on Monday, April 20th. Finally, Wall Street Zen raised shares of enCore Energy from a “sell” rating to a “hold” rating in a research report on Saturday.

enCore Energy Stock Performance

EU opened at $1.52 on Monday. enCore Energy has a twelve month low of $1.51 and a twelve month high of $4.19. The company has a 50-day simple moving average of $1.88 and a 200 day simple moving average of $2.45. The company has a quick ratio of 10.25, a current ratio of 11.08 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $295.21 million, a price-to-earnings ratio of -10.13 and a beta of 2.18.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%.The firm had revenue of $18.30 million for the quarter, compared to the consensus estimate of $9.30 million. Analysts predict that enCore Energy will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On enCore Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in shares of enCore Energy by 76.7% in the third quarter. Van ECK Associates Corp now owns 15,972,156 shares of the company’s stock worth $51,271,000 after acquiring an additional 6,933,454 shares during the last quarter. MMCAP International Inc. SPC lifted its holdings in shares of enCore Energy by 13.0% in the third quarter. MMCAP International Inc. SPC now owns 4,316,838 shares of the company’s stock worth $13,857,000 after acquiring an additional 497,337 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of enCore Energy in the fourth quarter worth about $1,009,000. Eagle Global Advisors LLC lifted its holdings in shares of enCore Energy by 29.8% in the third quarter. Eagle Global Advisors LLC now owns 100,300 shares of the company’s stock worth $322,000 after acquiring an additional 23,000 shares during the last quarter. Finally, Bogart Wealth LLC bought a new position in shares of enCore Energy in the third quarter worth about $26,000. Institutional investors own 20.86% of the company’s stock.

About enCore Energy

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.