enCore Energy Corp. (NASDAQ:EU) Given Consensus Rating of “Moderate Buy” by Brokerages

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

Several brokerages recently issued reports on EU. Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a report on Wednesday, October 8th. Northland Securities assumed coverage on enCore Energy in a research report on Tuesday. They issued an “outperform” rating and a $3.50 target price for the company. Finally, Wall Street Zen lowered enCore Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd.

Insiders Place Their Bets

In other enCore Energy news, Director Dennis Stover sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $3.54, for a total value of $70,800.00. Following the transaction, the director owned 468,500 shares in the company, valued at $1,658,490. The trade was a 4.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William M. Sheriff sold 24,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $2.37, for a total transaction of $56,880.00. Following the completion of the transaction, the insider directly owned 2,262,055 shares of the company’s stock, valued at approximately $5,361,070.35. The trade was a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 84,500 shares of company stock worth $231,210. Corporate insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On enCore Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bogart Wealth LLC bought a new position in shares of enCore Energy during the third quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in enCore Energy by 192.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock valued at $26,000 after buying an additional 5,356 shares during the last quarter. Farther Finance Advisors LLC raised its stake in enCore Energy by 222.3% during the third quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock valued at $27,000 after buying an additional 5,797 shares in the last quarter. Ballentine Partners LLC bought a new position in enCore Energy during the 2nd quarter worth approximately $29,000. Finally, Osaic Holdings Inc. acquired a new position in shares of enCore Energy in the 2nd quarter worth approximately $29,000. Institutional investors own 20.86% of the company’s stock.

enCore Energy Trading Up 2.7%

EU traded up $0.08 on Tuesday, reaching $2.86. 1,125,471 shares of the company’s stock were exchanged, compared to its average volume of 2,929,595. enCore Energy has a twelve month low of $1.01 and a twelve month high of $4.18. The company’s 50 day moving average is $2.67 and its 200-day moving average is $2.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 12.48 and a current ratio of 13.64. The company has a market cap of $534.75 million, a price-to-earnings ratio of -10.20 and a beta of 2.04.

enCore Energy (NASDAQ:EU) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter. enCore Energy had a negative return on equity of 19.83% and a negative net margin of 118.78%.The business had revenue of $8.88 million for the quarter. Equities analysts predict that enCore Energy will post -0.2 earnings per share for the current year.

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.