enCore Energy (NASDAQ:EU – Free Report) had its price target cut by HC Wainwright from $7.50 to $7.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.
Separately, B. Riley reaffirmed a buy rating and set a $6.00 price objective on shares of enCore Energy in a research note on Wednesday, May 15th.
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enCore Energy Stock Down 1.8 %
enCore Energy (NASDAQ:EU – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The firm had revenue of $5.32 million for the quarter, compared to the consensus estimate of $13.10 million. On average, equities research analysts expect that enCore Energy will post -0.05 EPS for the current year.
Institutional Investors Weigh In On enCore Energy
Hedge funds have recently bought and sold shares of the company. Rathbones Group PLC acquired a new stake in shares of enCore Energy during the 2nd quarter worth about $39,000. Xponance Inc. acquired a new stake in enCore Energy during the second quarter worth approximately $43,000. Sei Investments Co. bought a new stake in enCore Energy in the 2nd quarter valued at $46,000. Virtu Financial LLC acquired a new position in enCore Energy in the 1st quarter valued at $84,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in enCore Energy during the 1st quarter worth $83,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.
enCore Energy Company Profile
enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.
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