enCore Energy Corp. (NASDAQ:EU) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Shares of enCore Energy received a consensus rating of Moderate Buy from five covering analysts (one sell, one hold, one buy, two strong buys) with an average 12‑month price target of $3.83.
• enCore is a U.S. uranium exploration and development company focused on in‑situ recovery (ISR), with the Nichols Ranch ISR facility in Wyoming as its flagship and nearest‑term production asset.
• The stock trades near $2.10 (50‑day SMA $2.18, 200‑day SMA $2.65) with a market cap of about $408 million; the company reported (‑$0.09) EPS last quarter, has negative margins, and analysts expect roughly ‑0.2 EPS for the fiscal year.

Shares of enCore Energy Corp. (NASDAQ:EU - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $3.8333.

EU has been the topic of several research reports. Northland Securities initiated coverage on shares of enCore Energy in a research note on Tuesday, January 6th. They issued an "outperform" rating and a $3.50 price target on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of enCore Energy in a research note on Wednesday, January 21st.

Hedge Funds Weigh In On enCore Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Bogart Wealth LLC purchased a new position in shares of enCore Energy in the third quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of enCore Energy by 192.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company's stock worth $26,000 after buying an additional 5,356 shares in the last quarter. Farther Finance Advisors LLC raised its stake in enCore Energy by 222.3% during the third quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company's stock worth $27,000 after purchasing an additional 5,797 shares during the period. Osaic Holdings Inc. purchased a new position in enCore Energy during the second quarter worth about $29,000. Finally, Arax Advisory Partners raised its stake in enCore Energy by 898.7% during the fourth 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 period. 20.86% of the stock is owned by hedge funds and other institutional investors.

enCore Energy Stock Performance

EU opened at $2.10 on Thursday. The firm's fifty day simple moving average is $2.18 and its two-hundred day simple moving average is $2.65. The company has a quick ratio of 7.64, a current ratio of 8.03 and a debt-to-equity ratio of 0.43. The company has a market cap of $407.86 million, a price-to-earnings ratio of -6.77 and a beta of 2.41. enCore Energy has a 52-week low of $1.25 and a 52-week high of $4.19.

enCore Energy (NASDAQ:EU - Get Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $12.38 million during the quarter. enCore Energy had a negative return on equity of 20.72% and a negative net margin of 131.75%. Equities analysts anticipate that enCore Energy will post -0.2 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.