enCore Energy Corp. (NASDAQ:EU) Given Average Recommendation of “Hold” by Analysts

enCore Energy Corp. (NASDAQ:EU) has received a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $2.8967.

EU has been the topic of several research reports. Zacks Research downgraded shares of enCore Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. HC Wainwright lowered their target price on shares of enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a report on Friday, August 14th. Jefferies Financial Group assumed coverage on enCore Energy in a research report on Thursday. They set a “buy” rating and a $1.44 target price on the stock. Northland Securities set a $3.75 price target on shares of enCore Energy in a report on Monday, May 18th. Finally, Weiss Ratings upgraded enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd.

Insider Activity

In other enCore Energy news, Director Wayne W. Heili acquired 35,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $1.44 per share, for a total transaction of $50,400.00. Following the completion of the purchase, the director owned 35,000 shares of the company’s stock, valued at approximately $50,400. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard H. Little acquired 50,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were bought at an average cost of $1.28 per share, with a total value of $64,000.00. Following the completion of the acquisition, the chief executive officer owned 50,000 shares of the company’s stock, valued at approximately $64,000. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 184,905 shares of company stock worth $251,284. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On enCore Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. raised its position 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 worth $57,000 after purchasing an additional 4,000 shares during the period. Intech Investment Management LLC lifted its position in enCore Energy by 6.5% in the 4th quarter. Intech Investment Management LLC now owns 68,650 shares of the company’s stock worth $170,000 after buying an additional 4,219 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of enCore Energy by 24.6% in the third 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. Caitong International Asset Management Co. Ltd increased its position 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 purchasing an additional 5,356 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in shares of enCore Energy by 37.7% in the 1st quarter. Sanctuary Advisors LLC now owns 24,138 shares of the company’s stock worth $43,000 after acquiring an additional 6,608 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

enCore Energy Price Performance

Shares of enCore Energy stock opened at $1.22 on Thursday. The company has a fifty day moving average of $1.23 and a 200-day moving average of $1.64. enCore Energy has a 52-week low of $1.03 and a 52-week high of $4.18. The stock has a market capitalization of $237.02 million, a price-to-earnings ratio of -3.70 and a beta of 2.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.84 and a current ratio of 8.00.

enCore Energy (NASDAQ:EU) last issued its earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate 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 for the quarter. Equities research analysts expect that enCore Energy will post -0.41 EPS for the current year.

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.