enCore Energy (NASDAQ:EU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of enCore Energy (NASDAQ:EU) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities research analysts also recently issued reports on the stock. HC Wainwright boosted their price target on shares of enCore Energy from $2.75 to $4.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. B. Riley started coverage on shares of enCore Energy in a research note on Wednesday, July 23rd. They issued a “buy” rating and a $4.00 price target on the stock. Finally, Zacks Research raised shares of enCore Energy to a “hold” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, enCore Energy presently has an average rating of “Buy” and a consensus target price of $4.00.

enCore Energy Price Performance

Shares of EU stock opened at $2.36 on Friday. The firm’s 50-day moving average is $2.67 and its two-hundred day moving average is $2.08. The company has a market capitalization of $441.56 million, a PE ratio of -6.74 and a beta of 1.84. enCore Energy has a 12 month low of $1.01 and a 12 month high of $4.44.

enCore Energy (NASDAQ:EU) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $3.66 million during the quarter. enCore Energy had a negative net margin of 143.28% and a negative return on equity of 19.23%. Sell-side analysts forecast that enCore Energy will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EU. Raymond James Financial Inc. acquired a new position in enCore Energy during the 4th quarter worth approximately $38,000. Price T Rowe Associates Inc. MD grew its holdings in enCore Energy by 18.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 72,003 shares of the company’s stock worth $246,000 after acquiring an additional 11,328 shares in the last quarter. Northern Trust Corp grew its holdings in enCore Energy by 5.5% during the 4th quarter. Northern Trust Corp now owns 1,133,177 shares of the company’s stock worth $3,864,000 after acquiring an additional 59,343 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in enCore Energy during the 4th quarter worth approximately $73,000. Finally, Bank of America Corp DE grew its holdings in enCore Energy by 9.4% during the 4th quarter. Bank of America Corp DE now owns 174,301 shares of the company’s stock worth $594,000 after acquiring an additional 14,934 shares in the last quarter. Institutional investors and hedge funds own 20.86% of the company’s stock.

enCore Energy Company Profile

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.