enCore Energy (NASDAQ:EU) Given New $3.50 Price Target at HC Wainwright

enCore Energy (NASDAQ:EU) had its target price lowered by HC Wainwright from $3.75 to $3.50 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price target indicates a potential upside of 207.02% from the company’s current price.

Several other research analysts have also issued reports on EU. Wall Street Zen upgraded shares of enCore Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Northland Securities set a $3.75 target price on enCore Energy in a research note on Monday, May 18th. Zacks Research lowered shares of enCore Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $3.62.

enCore Energy Stock Down 17.4%

EU stock opened at $1.14 on Friday. enCore Energy has a 1-year low of $1.03 and a 1-year high of $4.18. The stock has a market cap of $221.48 million, a P/E ratio of -7.60 and a beta of 2.10. The stock’s fifty day simple moving average is $1.30 and its two-hundred day simple moving average is $1.82. The company has a current ratio of 11.08, a quick ratio of 10.25 and a debt-to-equity ratio of 0.39.

enCore Energy (NASDAQ:EU) last released its earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). enCore Energy had a negative net margin of 62.96% and a negative return on equity of 21.98%. The company had revenue of $15.70 million during the quarter. Analysts expect that enCore Energy will post -0.34 EPS for the current year.

Insider Buying and Selling at enCore Energy

In related news, CEO Richard H. Little purchased 50,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was acquired at an average price 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Wayne W. Heili purchased 35,000 shares of enCore Energy stock in a transaction on Friday, June 12th. The stock was bought at an average price of $1.44 per share, with a total value of $50,400.00. Following the transaction, the director owned 35,000 shares of the company’s stock, valued at approximately $50,400. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 259,905 shares of company stock worth $362,534. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On enCore Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its stake 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 worth $26,000 after acquiring an additional 5,356 shares during the period. Osaic Holdings Inc. purchased a new stake in shares of enCore Energy in the second quarter worth $29,000. Arax Advisory Partners raised its position in shares of enCore Energy by 898.7% during the 4th quarter. Arax Advisory Partners now owns 11,545 shares of the company’s stock valued at $29,000 after purchasing an additional 10,389 shares during the period. Laurion Capital Management LP bought a new stake in shares of enCore Energy during the 4th quarter valued at $29,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of enCore Energy during the 4th quarter valued at $32,000. 20.86% of the stock is owned by hedge funds and other institutional investors.

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.