enCore Energy (NASDAQ:EU) Price Target Cut to $3.75 by Analysts at HC Wainwright

enCore Energy (NASDAQ:EU) had its price objective lowered by investment analysts at HC Wainwright from $4.00 to $3.75 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price objective indicates a potential upside of 131.48% from the stock’s current price.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

enCore Energy Stock Up 1.9%

EU opened at $1.62 on Friday. The firm has a market cap of $314.64 million, a P/E ratio of -5.23 and a beta of 2.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.64 and a current ratio of 8.03. The business has a 50 day moving average price of $1.89 and a 200 day moving average price of $2.46. enCore Energy has a twelve month low of $1.54 and a twelve month high of $4.19.

enCore Energy (NASDAQ:EU) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). enCore Energy had a negative net margin of 131.75% and a negative return on equity of 20.72%. Research analysts forecast that enCore Energy will post -0.21 EPS for the current year.

Institutional Investors Weigh In On enCore Energy

Several hedge funds have recently modified their holdings of EU. Caitong International Asset Management Co. Ltd increased its position 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 during the period. Osaic Holdings Inc. acquired a new position in enCore Energy during the 2nd quarter valued at $29,000. Arax Advisory Partners boosted its holdings in enCore Energy by 898.7% in 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 acquired a new stake in enCore Energy in the 4th quarter worth $29,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of enCore Energy during the 4th quarter worth about $32,000. 20.86% of the stock is owned by 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.