enCore Energy Corp. (NASDAQ:EU) Receives $3.83 Average PT from Brokerages

Shares of enCore Energy Corp. (NASDAQ:EU) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat 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 given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $3.8333.

A number of brokerages recently issued reports on EU. Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a report on Wednesday, January 21st. Northland Securities assumed coverage on enCore Energy in a report on Tuesday, January 6th. They set an “outperform” rating and a $3.50 target price on the stock.

enCore Energy Stock Performance

Shares of EU opened at $1.76 on Friday. The firm has a market cap of $341.82 million, a price-to-earnings ratio of -6.29 and a beta of 2.10. The company’s fifty day moving average is $2.55 and its 200-day moving average is $2.73. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39. enCore Energy has a 12 month low of $1.01 and a 12 month high of $4.19.

Insider Activity at enCore Energy

In related news, insider William M. Sheriff sold 16,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $2.42, for a total value of $39,930.00. Following the transaction, the insider directly owned 31,376 shares of the company’s stock, valued at approximately $75,929.92. This trade represents a 34.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.90% of the company’s stock.

Institutional Trading of enCore Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC acquired a new stake in enCore Energy during the third quarter worth $26,000. Caitong International Asset Management Co. Ltd raised its stake 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 valued at $26,000 after buying an additional 5,356 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of enCore Energy by 222.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock worth $27,000 after acquiring an additional 5,797 shares during the period. Osaic Holdings Inc. bought a new position in shares of enCore Energy during the 2nd quarter worth about $29,000. Finally, Arax Advisory Partners boosted its position in shares of enCore Energy by 898.7% during the 4th quarter. Arax Advisory Partners now owns 11,545 shares of the company’s stock valued at $29,000 after acquiring an additional 10,389 shares in the last quarter. Institutional investors and hedge funds own 20.86% of the company’s stock.

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.