enCore Energy Corp. (NASDAQ:EU) Receives Consensus Rating of “Hold” from Brokerages

Shares of enCore Energy Corp. (NASDAQ:EU) have been given an average recommendation of “Hold” by the five analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $2.90.

A number of analysts have recently issued reports on the company. Weiss Ratings cut enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Jefferies Financial Group started coverage on enCore Energy in a report on Thursday, September 3rd. They set a “buy” rating and a $1.44 target price on the stock. Wall Street Zen downgraded enCore Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, September 26th. Zacks Research cut shares of enCore Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Finally, HC Wainwright reduced their price objective on shares of enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a research report on Friday, August 14th.

enCore Energy Stock Performance

Shares of EU opened at $1.02 on Monday. The firm has a market cap of $198.17 million, a P/E ratio of -3.09 and a beta of 2.16. enCore Energy has a twelve month low of $0.77 and a twelve month high of $4.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.84 and a current ratio of 8.00. The firm’s 50 day moving average price is $1.16 and its two-hundred day moving average price is $1.45.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). The firm had revenue of $15.70 million for the quarter. enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%. On average, analysts forecast that enCore Energy will post -0.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other enCore Energy news, Chairman William Sheriff acquired 100,000 shares of the company’s stock in a transaction on Monday, September 14th. The stock was acquired at an average price of $0.84 per share, for a total transaction of $84,000.00. Following the purchase, the chairman directly owned 1,512,169 shares of the company’s stock, valued at $1,270,221.96. This trade represents a 7.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders acquired 310,000 shares of company stock worth $262,100. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On enCore Energy

Hedge funds have recently bought and sold shares of the company. Brookstone Capital Management bought a new position in shares of enCore Energy in the first quarter worth about $26,000. Krilogy Financial LLC acquired a new stake in shares of enCore Energy in the 1st quarter valued at approximately $36,000. Sanctuary Advisors LLC grew its holdings in shares of enCore Energy by 37.7% during the 1st quarter. Sanctuary Advisors LLC now owns 24,138 shares of the company’s stock valued at $43,000 after purchasing an additional 6,608 shares during the last quarter. J. Derek Lewis & Associates Inc. bought a new stake in shares of enCore Energy during the 4th quarter valued at approximately $72,000. Finally, Royal Bank of Canada increased its position in enCore Energy by 154.5% during the 1st quarter. Royal Bank of Canada now owns 31,744 shares of the company’s stock worth $57,000 after purchasing an additional 19,269 shares in the last quarter. 20.86% of the stock is owned by institutional investors.

About enCore Energy

enCore Energy Corp. is a uranium exploration, development and production company focused on advancing domestic uranium resources in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from suitable underground formations by circulating a solution through the deposit and processing the resulting uranium-bearing fluids at a recovery plant.

enCore’s portfolio includes uranium projects and production facilities in South Texas, including the Alta Mesa and Rosita projects.