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

Shares of enCore Energy Corp. (NASDAQ:EU) have earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.8333.

A number of equities analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, January 21st. Wall Street Zen cut enCore Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Northland Securities assumed coverage on enCore Energy in a report on Tuesday, January 6th. They set an “outperform” rating and a $3.50 price objective on the stock.

enCore Energy Stock Performance

Shares of enCore Energy stock opened at $2.70 on Friday. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average is $2.83 and its two-hundred day moving average is $2.81. enCore Energy has a 52 week low of $1.01 and a 52 week high of $4.18. The company has a market capitalization of $506.33 million, a PE ratio of -9.64 and a beta of 2.03.

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

Insider Buying and Selling at enCore Energy

In related news, insider William M. Sheriff sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $2.81, for a total value of $28,100.00. Following the completion of the sale, the insider directly owned 2,876 shares of the company’s stock, valued at $8,081.56. This represents a 77.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 74,500 shares of company stock valued at $188,510 in the last ninety days. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On enCore Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Banque Cantonale Vaudoise raised its stake in enCore Energy by 221.7% in the fourth quarter. Banque Cantonale Vaudoise now owns 201,104 shares of the company’s stock worth $480,000 after buying an additional 138,600 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of enCore Energy by 74.8% in the 4th quarter. Sanctuary Advisors LLC now owns 17,530 shares of the company’s stock valued at $43,000 after acquiring an additional 7,500 shares during the period. Chicago Partners Investment Group LLC bought a new position in shares of enCore Energy in the 4th quarter worth $1,009,000. Abbington Investment Group purchased a new stake in shares of enCore Energy during the 4th quarter worth $585,000. Finally, Azarias Capital Management L.P. boosted its position in enCore Energy by 2.5% during the fourth quarter. Azarias Capital Management L.P. now owns 4,132,851 shares of the company’s stock valued at $10,249,000 after purchasing an additional 99,912 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors.

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.