Brokerages Set enCore Energy Corp. (NASDAQ:EU) Target Price at $3.83

enCore Energy Corp. (NASDAQ:EU) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $3.8333.

EU has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a research report on Wednesday, October 8th. Northland Capmk upgraded shares of enCore Energy to a “strong-buy” rating in a report on Tuesday, January 6th. Wall Street Zen cut shares of enCore Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Finally, Northland Securities started coverage on shares of enCore Energy in a research report on Tuesday, January 6th. They issued an “outperform” rating and a $3.50 price objective for the company.

enCore Energy Stock Performance

EU stock opened at $2.98 on Tuesday. enCore Energy has a twelve month low of $1.01 and a twelve month high of $4.18. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39. The company has a market cap of $558.15 million, a P/E ratio of -10.64 and a beta of 2.04. The business’s fifty day moving average is $2.64 and its 200-day moving average is $2.77.

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

Insider Activity

In other enCore Energy news, insider William M. Sheriff sold 10,000 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $2.81, for a total value of $28,100.00. Following the completion of the sale, the insider directly owned 2,876 shares in the company, valued at $8,081.56. This represents a 77.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 74,500 shares of company stock valued at $188,510 in the last ninety days. 3.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On enCore Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Bogart Wealth LLC acquired a new stake in enCore Energy during the 3rd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd raised its holdings in enCore Energy by 192.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock worth $26,000 after acquiring an additional 5,356 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of enCore Energy by 222.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock valued at $27,000 after buying an additional 5,797 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of enCore Energy in the 2nd quarter valued at about $29,000. Finally, Ballentine Partners LLC acquired a new position in enCore Energy during the second quarter worth approximately $29,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

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.