enCore Energy Corp. (NASDAQ:EU) Stock Has Average Target Price of $2.90

Key Points

• Analysts give enCore Energy a “Moderate Buy” consensus, with five analysts averaging a 12-month price target of $2.90. Ratings include two buys, one strong buy, one hold, and one sell.
• Shares opened at $0.77, near their 52-week low of $0.76 and well below the $3.67 high. The company reported a quarterly loss of $0.21 per share, missing estimates by $0.11, alongside $15.7 million in revenue.
• Insider activity was mixed: the chairman bought 100,000 shares, while a director sold 30,648 shares. Institutional investors own approximately 20.86% of enCore Energy.

Shares of enCore Energy Corp. (NASDAQ:EU - Get Free Report) have earned an average rating of "Moderate Buy" from the five analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $2.90.

EU has been the topic of several analyst reports. Wall Street Zen cut enCore Energy from a "hold" rating to a "strong sell" rating in a research report on Saturday, September 26th. Zacks Research upgraded enCore Energy from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th. Jefferies Financial Group initiated coverage on enCore Energy in a research report on Thursday, September 3rd. They issued a "buy" rating and a $1.44 price target for the company. HC Wainwright dropped their price objective on enCore Energy from $3.75 to $3.50 and set a "buy" rating on the stock in a research note on Friday, August 14th. Finally, Weiss Ratings downgraded shares of enCore Energy from a "sell (d-)" rating to a "sell (e+)" rating in a report on Monday, September 14th.

enCore Energy Trading Down 3.7%

EU opened at $0.77 on Friday. enCore Energy has a fifty-two week low of $0.76 and a fifty-two week high of $3.67. The firm has a market capitalization of $150.18 million, a PE ratio of -2.34 and a beta of 2.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.00 and a quick ratio of 6.84. The company's 50-day moving average is $1.09 and its 200 day moving average is $1.36.

enCore Energy (NASDAQ:EU - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.11). The company had revenue of $15.70 million for the quarter. enCore Energy had a negative net margin of 112.82% and a negative return on equity of 28.00%. As a group, research analysts predict that enCore Energy will post -0.41 earnings per share for the current fiscal year.

Insider Transactions at enCore Energy

In other news, Chairman William M. Sheriff purchased 100,000 shares of the business's stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average cost of $0.84 per share, for a total transaction of $84,000.00. Following the completion of the acquisition, the chairman owned 1,512,169 shares in the company, valued at $1,270,221.96. This trade represents a 7.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Hoxie-Key sold 30,648 shares of the company's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $0.94, for a total transaction of $28,809.12. Following the completion of the sale, the director directly owned 60,918 shares of the company's stock, valued at $57,262.92. The trade was a 33.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased 310,000 shares of company stock worth $262,100 over the last three months. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On enCore Energy

Several institutional investors have recently modified their holdings of the business. Brookstone Capital Management purchased a new stake in shares of enCore Energy during the first quarter valued at approximately $26,000. Krilogy Financial LLC purchased a new position in enCore Energy in the first quarter worth $36,000. Sanctuary Advisors LLC boosted its position in enCore Energy by 37.7% in the first quarter. Sanctuary Advisors LLC now owns 24,138 shares of the company's stock worth $43,000 after purchasing an additional 6,608 shares during the last quarter. Royal Bank of Canada grew its stake in enCore Energy by 154.5% in the 1st quarter. Royal Bank of Canada now owns 31,744 shares of the company's stock valued at $57,000 after purchasing an additional 19,269 shares during the period. Finally, Rathbones Group PLC bought a new position in enCore Energy in the 1st quarter valued at $63,000. 20.86% of the stock is owned by institutional investors.

enCore Energy Company Profile

enCore Energy Corp. is a uranium company focused on the exploration, development and production of uranium in the United States. The company uses in-situ recovery (ISR), a method that extracts uranium from underground deposits by circulating a solution through the host formation and processing the recovered material at licensed facilities.

enCore's portfolio is concentrated in South Texas and includes the Rosita and Alta Mesa uranium processing facilities, along with associated well fields, mineral rights and development projects.

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