enCore Energy Corp. (NASDAQ:EU) Stock Has Average Target Price of $2.90 According to Brokerages

Shares of enCore Energy Corp. (NASDAQ:EU) have earned a consensus rating of “Hold” from the five brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $2.90.

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

Insider Buying and Selling at enCore Energy

In related news, Chairman William Sheriff bought 100,000 shares of the business’s stock in a transaction dated Friday, September 18th. The shares were purchased at an average price of $0.81 per share, with a total value of $81,000.00. Following the purchase, the chairman owned 1,662,169 shares of the company’s stock, valued at approximately $1,346,356.89. This trade represents a 6.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 310,000 shares of company stock worth $262,100. Insiders own 3.00% of the company’s stock.

Institutional Trading of enCore Energy

Hedge funds have recently modified their holdings of the business. Brookstone Capital Management purchased a new stake in enCore Energy in the first quarter worth about $26,000. Krilogy Financial LLC bought a new stake in shares of enCore Energy in the 1st quarter worth approximately $36,000. Sanctuary Advisors LLC increased its position in 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 buying an additional 6,608 shares in the last quarter. J. Derek Lewis & Associates Inc. bought a new position in shares of enCore Energy during the fourth quarter valued at $72,000. Finally, Royal Bank of Canada raised its position in shares of enCore Energy by 154.5% in 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 during the last quarter. Institutional investors own 20.86% of the company’s stock.

enCore Energy Stock Performance

NASDAQ EU opened at $1.02 on Monday. The firm has a market cap of $198.17 million, a PE ratio of -3.09 and a beta of 2.16. enCore Energy has a 1-year low of $0.77 and a 1-year high of $4.18. The stock has a 50-day moving average of $1.16 and a 200-day moving average of $1.45. The company has a current ratio of 8.00, a quick ratio of 6.84 and a debt-to-equity ratio of 0.45.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.11). The company 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%. As a group, sell-side analysts forecast that enCore Energy will post -0.41 EPS for the current year.

enCore Energy Company Profile

enCore Energy Corp. is a uranium company focused on the exploration, development and production of uranium in the United States. The company uses in-situ recovery (ISR), a method that extracts uranium from underground deposits by circulating a solution through the host formation and processing the recovered material at licensed facilities.

enCore’s portfolio is concentrated in South Texas and includes the Rosita and Alta Mesa uranium processing facilities, along with associated well fields, mineral rights and development projects.