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

enCore Energy Corp. (NASDAQ:EU) has been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $3.8333.

EU has been the subject of several research analyst reports. Northland Securities initiated coverage on shares of enCore Energy in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $3.50 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of enCore Energy in a research note on Monday.

Hedge Funds Weigh In On enCore Energy

Large investors have recently bought and sold shares of the stock. Bogart Wealth LLC acquired a new position in enCore Energy in the third quarter valued at $26,000. Brookstone Capital Management acquired a new position in enCore Energy in the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its stake 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 acquiring an additional 5,356 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in enCore Energy by 222.3% in the third quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock valued at $27,000 after acquiring an additional 5,797 shares in the last quarter. Finally, Osaic Holdings Inc. acquired a new position in enCore Energy in the second quarter valued at $29,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

enCore Energy Stock Up 6.1%

Shares of NASDAQ EU opened at $2.08 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.03 and a quick ratio of 7.64. enCore Energy has a 1 year low of $1.33 and a 1 year high of $4.19. The company has a market capitalization of $403.98 million, a price-to-earnings ratio of -6.71 and a beta of 2.41. The business has a 50-day moving average of $2.11 and a two-hundred day moving average of $2.61.

enCore Energy (NASDAQ:EU) last released its quarterly earnings data on Wednesday, April 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. enCore Energy had a negative net margin of 131.75% and a negative return on equity of 20.72%. The company had revenue of $12.38 million during the quarter. On average, analysts forecast that enCore Energy will post -0.21 earnings per share for the current fiscal year.

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.