enCore Energy (NASDAQ:EU) Receives New Coverage from Analysts at HC Wainwright

HC Wainwright initiated coverage on shares of enCore Energy (NASDAQ:EU) in a report released on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $7.50 price objective on the stock. HC Wainwright also issued estimates for enCore Energy’s FY2024 earnings at ($0.12) EPS and FY2025 earnings at $0.09 EPS.

Separately, B. Riley began coverage on shares of enCore Energy in a report on Friday, February 2nd. They issued a buy rating and a $6.00 price target on the stock.

enCore Energy Stock Down 4.3 %

NASDAQ EU opened at $4.73 on Monday. enCore Energy has a 52 week low of $1.93 and a 52 week high of $5.05. The stock has a market capitalization of $857.79 million, a P/E ratio of -29.56 and a beta of 0.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.03 and a current ratio of 4.04. The firm’s 50-day simple moving average is $4.31.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.09) earnings per share (EPS) for the quarter. As a group, equities research analysts anticipate that enCore Energy will post 0.17 EPS for the current year.

Institutional Investors Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Azarias Capital Management L.P. grew its position in enCore Energy by 232.0% during the first quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company’s stock valued at $18,013,000 after acquiring an additional 2,626,395 shares during the last quarter. Fourth Sail Capital LP purchased a new stake in enCore Energy in the fourth quarter worth $5,519,000. Van ECK Associates Corp purchased a new stake in enCore Energy in the first quarter worth $3,399,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in enCore Energy by 7.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,260,952 shares of the company’s stock worth $32,640,000 after acquiring an additional 541,050 shares during the period. Finally, HTLF Bank purchased a new position in enCore Energy during the fourth quarter valued at $983,000. 20.86% of the stock is owned by hedge funds and other institutional investors.

About enCore Energy

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.