Analysts Set enCore Energy Corp. (NASDAQ:EU) Price Target at $3.83

enCore Energy Corp. (NASDAQ:EU) has been given an average rating of “Moderate Buy” by the five analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3.8333.

A number of research firms have recently commented on EU. Northland Securities began coverage on shares of enCore Energy in a report on Tuesday, January 6th. They set an “outperform” rating and a $3.50 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of enCore Energy in a research report on Wednesday, January 21st.

enCore Energy Stock Performance

Shares of EU stock opened at $2.13 on Thursday. enCore Energy has a one year low of $1.26 and a one year high of $4.18. The company’s 50-day moving average is $2.14 and its 200 day moving average is $2.63. The company has a market capitalization of $413.69 million, a price-to-earnings ratio of -6.87 and a beta of 2.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.64 and a current ratio of 8.03.

enCore Energy (NASDAQ:EU) last released its quarterly earnings data on Wednesday, April 1st. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $12.38 million for the quarter. enCore Energy had a negative net margin of 131.75% and a negative return on equity of 20.72%. Sell-side analysts expect that enCore Energy will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Banque Cantonale Vaudoise lifted its holdings in shares of enCore Energy by 6.3% during the first quarter. Banque Cantonale Vaudoise now owns 213,804 shares of the company’s stock valued at $386,000 after purchasing an additional 12,700 shares in the last quarter. Krilogy Financial LLC bought a new stake in enCore Energy in the 1st quarter worth about $36,000. Brookstone Capital Management bought a new stake in enCore Energy in the 1st quarter worth about $26,000. Azarias Capital Management L.P. raised its position in enCore Energy by 22.6% in the 1st quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company’s stock worth $9,122,000 after buying an additional 934,857 shares during the last quarter. Finally, J. Derek Lewis & Associates Inc. purchased a new position in enCore Energy in the 4th quarter worth about $72,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

About enCore Energy

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.