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

enCore Energy Corp. (NASDAQ:EU) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $2.90.

A number of research analysts have weighed in on EU shares. HC Wainwright lowered their target price on enCore Energy from $3.75 to $3.50 and set a “buy” rating on the stock in a report on Friday, August 14th. Wall Street Zen downgraded enCore Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 26th. Jefferies Financial Group started coverage on enCore Energy in a research note on Thursday, September 3rd. They set a “buy” rating and a $1.44 price target for the company. Zacks Research raised shares of enCore Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings cut shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th.

Insider Buying and Selling

In related news, Director Susan Hoxie-Key sold 30,648 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $0.94, for a total transaction of $28,809.12. Following the completion of the sale, the director directly owned 60,918 shares in the company, valued at approximately $57,262.92. The trade was a 33.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman William Sheriff bought 100,000 shares of enCore Energy stock in a transaction on Monday, September 14th. The shares were acquired at an average cost of $0.84 per share, with a total value of $84,000.00. Following the completion of the acquisition, the chairman owned 1,512,169 shares of the company’s stock, valued at $1,270,221.96. The trade was a 7.08% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 310,000 shares of company stock worth $262,100. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC bought a new stake in shares of enCore Energy during the 2nd quarter valued at $2,755,000. Goehring & Rozencwajg Associates LLC increased its stake in shares of enCore Energy by 19.3% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,464,724 shares of the company’s stock worth $2,637,000 after purchasing an additional 237,469 shares in the last quarter. Bank of New York Mellon Corp bought a new position in enCore Energy in the 2nd quarter worth $725,000. Themes Management Co LLC raised its holdings in enCore Energy by 187.2% in the 1st quarter. Themes Management Co LLC now owns 246,624 shares of the company’s stock worth $447,000 after purchasing an additional 160,765 shares during the period. Finally, Banque Cantonale Vaudoise lifted its position in 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. Hedge funds and other institutional investors own 20.86% of the company’s stock.

enCore Energy Price Performance

NASDAQ EU opened at $0.78 on Friday. enCore Energy has a 1-year low of $0.66 and a 1-year high of $3.67. The business’s fifty day moving average price is $1.06 and its 200-day moving average price is $1.69.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.11). The company had revenue of $15.70 million during the quarter. Research analysts anticipate that enCore Energy will post -0.41 EPS for the current fiscal year.

enCore Energy Company Profile

enCore Energy Corp. is a uranium company focused on developing and operating domestic uranium production assets 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 ore-bearing formation and processing the recovered material at a central plant.

enCore’s portfolio is concentrated primarily in South Texas, where it owns and operates the Rosita processing plant and is developing the Alta Mesa project.