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

Shares of enCore Energy Corp. (NASDAQ:EU) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat reports. One research 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 price objective among brokerages that have issued a report on the stock in the last year is $3.8333.

Several brokerages recently commented on EU. HC Wainwright cut their price objective on shares of enCore Energy from $4.00 to $3.75 and set a “buy” rating on the stock in a research report on Friday, May 15th. Wall Street Zen raised shares of enCore Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Northland Securities set a $3.75 target price on shares of enCore Energy in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded shares of enCore Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd.

Insiders Place Their Bets

In other enCore Energy news, CEO Richard H. Little purchased 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was purchased at an average price of $1.28 per share, for a total transaction of $64,000.00. Following the completion of the purchase, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at $64,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark S. Pelizza purchased 99,182 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $1.37 per share, with a total value of $135,879.34. Following the purchase, the director directly owned 237,515 shares of the company’s stock, valued at approximately $325,395.55. The trade was a 71.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 259,905 shares of company stock valued at $362,534. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On enCore Energy

Several large investors have recently bought and sold shares of EU. Van ECK Associates Corp boosted its stake in shares of enCore Energy by 76.7% in the 3rd quarter. Van ECK Associates Corp now owns 15,972,156 shares of the company’s stock worth $51,271,000 after buying an additional 6,933,454 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in enCore Energy during the third quarter valued at $4,590,000. Two Sigma Investments LP bought a new position in enCore Energy in the third quarter valued at about $3,804,000. GeoSphere Capital Management LLC lifted its holdings in enCore Energy by 333.3% in the fourth quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock valued at $3,224,000 after acquiring an additional 1,000,000 shares during the period. Finally, Pacer Advisors Inc. purchased a new position in enCore Energy in the fourth quarter worth about $2,379,000. 20.86% of the stock is currently owned by institutional investors.

enCore Energy Stock Down 5.6%

Shares of NASDAQ:EU traded down $0.07 on Tuesday, hitting $1.25. 1,364,474 shares of the company traded hands, compared to its average volume of 3,127,059. enCore Energy has a 52 week low of $1.24 and a 52 week high of $4.18. The company has a quick ratio of 10.25, a current ratio of 11.08 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $1.55 and a 200-day simple moving average of $2.13. The company has a market cap of $243.78 million, a PE ratio of -8.37 and a beta of 2.06.

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.