Brokerages Set enCore Energy Corp. (NASDAQ:EU) PT at $3.83

Shares of enCore Energy Corp. (NASDAQ:EU) have been given a consensus rating of “Moderate Buy” by the five analysts that are covering the company, Marketbeat.com 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 12-month target price among analysts that have updated their coverage on the stock in the last year is $3.8333.

EU has been the subject of several research reports. Wall Street Zen raised enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings cut enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. HC Wainwright lowered their target price on enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, Northland Securities set a $3.75 price target on enCore Energy in a research report on Monday, May 18th.

enCore Energy Stock Up 7.0%

NASDAQ EU opened at $1.37 on Friday. The stock has a fifty day moving average of $1.73 and a 200-day moving average of $2.28. The stock has a market capitalization of $266.12 million, a P/E ratio of -9.13 and a beta of 2.00. enCore Energy has a 52 week low of $1.26 and a 52 week high of $4.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 10.25 and a current ratio of 11.08.

enCore Energy (NASDAQ:EU) last released its earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $18.30 million during the quarter, compared to analyst estimates of $9.30 million. enCore Energy had a negative net margin of 62.96% and a negative return on equity of 21.98%. On average, equities research analysts forecast that enCore Energy will post -0.27 EPS for the current year.

Insider Buying and Selling at enCore Energy

In related news, CEO Richard H. Little purchased 50,000 shares of enCore Energy stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average cost of $1.28 per share, for a total transaction of $64,000.00. Following the transaction, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at approximately $64,000. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman William M. Sheriff purchased 50,000 shares of enCore Energy stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $1.49 per share, for a total transaction of $74,500.00. Following the completion of the transaction, the chairman directly owned 1,387,169 shares in the company, valued at $2,066,881.81. The trade was a 3.74% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 125,000 shares of company stock worth $175,250 over the last 90 days. 3.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its position in shares of enCore Energy by 192.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock worth $26,000 after purchasing an additional 5,356 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of enCore Energy in the 2nd quarter worth $29,000. Arax Advisory Partners boosted its position in shares of enCore Energy by 898.7% in the 4th quarter. Arax Advisory Partners now owns 11,545 shares of the company’s stock worth $29,000 after purchasing an additional 10,389 shares during the last quarter. Laurion Capital Management LP bought a new position in shares of enCore Energy in the 4th quarter worth $29,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in enCore Energy during the fourth quarter worth about $32,000. 20.86% of the stock is currently owned by institutional investors.

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.