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

enCore Energy Corp. (NASDAQ:EU) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $3.8333.

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

Insider Buying and Selling at enCore Energy

In related news, insider William M. Sheriff sold 24,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $2.37, for a total value of $56,880.00. Following the completion of the sale, the insider directly owned 2,262,055 shares in the company, valued at $5,361,070.35. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 50,500 shares of company stock worth $124,910. Insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On enCore Energy

Several institutional investors have recently made changes to their positions in EU. MMCAP International Inc. SPC lifted its stake in enCore Energy by 13.0% in the third quarter. MMCAP International Inc. SPC now owns 4,316,838 shares of the company’s stock worth $13,857,000 after purchasing an additional 497,337 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of enCore Energy in the second quarter worth approximately $68,000. Azarias Capital Management L.P. lifted its stake in shares of enCore Energy by 9.6% during the 3rd quarter. Azarias Capital Management L.P. now owns 4,032,939 shares of the company’s stock worth $12,946,000 after acquiring an additional 352,775 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in enCore Energy during the 2nd quarter valued at $35,000. Finally, Tower Research Capital LLC TRC grew its position in enCore Energy by 88.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,105 shares of the company’s stock valued at $46,000 after acquiring an additional 7,540 shares during the last quarter. Institutional investors own 20.86% of the company’s stock.

enCore Energy Stock Performance

NASDAQ:EU opened at $2.16 on Wednesday. The company has a market cap of $413.83 million, a price-to-earnings ratio of -7.71 and a beta of 2.10. enCore Energy has a 1 year low of $1.01 and a 1 year high of $4.18. The stock’s 50 day simple moving average is $2.82 and its two-hundred day simple moving average is $2.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 13.64 and a quick ratio of 12.48.

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.