enCore Energy Corp. (NASDAQ:EU) Stock Has Consensus Price Target of $2.90 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on enCore Energy, with two sell ratings, two buy ratings, and one strong-buy rating. The average 12-month price target is $2.90, versus a recent share price of $1.24.
• enCore Energy reported a quarterly loss of $0.21 per share, missing the consensus estimate of a $0.10 loss, on revenue of $15.7 million. The company remains unprofitable, with a negative net margin of 112.82%.
• Insiders purchased 310,000 shares worth $262,100 over the past quarter, while institutional investors and hedge funds own approximately 20.86% of the company.

enCore Energy Corp. (NASDAQ:EU - Get Free Report) has received a consensus rating of "Hold" from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $2.90.

A number of research analysts have issued reports on EU shares. Zacks Research lowered shares of enCore Energy from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of enCore Energy from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday, September 14th. Jefferies Financial Group started coverage on shares of enCore Energy in a report on Thursday, September 3rd. They set a "buy" rating and a $1.44 price objective on the stock. Wall Street Zen downgraded enCore Energy from a "hold" rating to a "strong sell" rating in a research report on Saturday. Finally, HC Wainwright reduced their target price on enCore Energy from $3.75 to $3.50 and set a "buy" rating for the company in a research note on Friday, August 14th.

enCore Energy Price Performance

Shares of EU stock opened at $1.24 on Monday. enCore Energy has a fifty-two week low of $0.77 and a fifty-two week high of $4.18. The firm has a market capitalization of $240.91 million, a price-to-earnings ratio of -3.76 and a beta of 2.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.84 and a current ratio of 8.00. The stock's 50-day simple moving average is $1.17 and its 200-day simple moving average is $1.48.

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

Insider Buying and Selling at enCore Energy

In other news, Chairman William Sheriff acquired 100,000 shares of the business's stock in a transaction dated Monday, September 14th. The shares were acquired at an average cost of $0.84 per share, with a total value of $84,000.00. Following the completion of the acquisition, the chairman owned 1,512,169 shares of the company's stock, valued at approximately $1,270,221.96. This trade represents a 7.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders bought 310,000 shares of company stock valued at $262,100 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently modified their holdings of EU. Tidal Investments LLC purchased a new stake in enCore Energy in the second quarter valued at approximately $2,755,000. Bank of New York Mellon Corp purchased a new position in enCore Energy during the 2nd quarter worth approximately $725,000. Hennion & Walsh Asset Management Inc. raised its position in enCore Energy by 90.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 236,373 shares of the company's stock worth $310,000 after buying an additional 112,130 shares during the last quarter. Rathbones Group PLC acquired a new stake in enCore Energy during the 1st quarter valued at approximately $63,000. Finally, J. Derek Lewis & Associates Inc. lifted its stake in enCore Energy by 82.8% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 53,000 shares of the company's stock valued at $95,000 after acquiring an additional 24,000 shares during the period. Institutional investors and hedge funds own 20.86% of the company's stock.

About enCore Energy

enCore Energy Corp. is a uranium exploration, development and production company focused on advancing domestic uranium resources in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from suitable underground formations by circulating a solution through the deposit and processing the resulting uranium-bearing fluids at a recovery plant.

enCore's portfolio includes uranium projects and production facilities in South Texas, including the Alta Mesa and Rosita projects.

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