B. Riley started coverage on shares of enCore Energy (NASDAQ:EU - Get Free Report) in a report released on Wednesday. The brokerage set a "buy" rating and a $4.00 price target on the stock. B. Riley's target price points to a potential upside of 32.45% from the company's current price.
Separately, HC Wainwright reissued a "buy" rating and issued a $2.75 price target on shares of enCore Energy in a research note on Tuesday, May 13th.
View Our Latest Report on enCore Energy
enCore Energy Stock Performance
Shares of EU opened at $3.02 on Wednesday. The business has a 50-day moving average of $2.36 and a 200 day moving average of $2.23. enCore Energy has a fifty-two week low of $1.01 and a fifty-two week high of $4.44. The firm has a market cap of $564.92 million, a P/E ratio of -8.16 and a beta of 1.86.
enCore Energy (NASDAQ:EU - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06). The business had revenue of $18.24 million during the quarter, compared to analysts' expectations of $15.10 million. enCore Energy had a negative net margin of 142.32% and a negative return on equity of 16.08%. As a group, research analysts predict that enCore Energy will post -0.2 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Ballentine Partners LLC purchased a new position in shares of enCore Energy during the second quarter valued at approximately $29,000. Capital Market Strategies LLC purchased a new position in enCore Energy during the second quarter valued at $68,000. Boundary Creek Advisors LP purchased a new position in enCore Energy during the first quarter valued at $2,898,000. NewEdge Advisors LLC raised its stake in enCore Energy by 13.2% during the first quarter. NewEdge Advisors LLC now owns 294,405 shares of the company's stock valued at $403,000 after buying an additional 34,250 shares during the last quarter. Finally, Vident Advisory LLC raised its position in shares of enCore Energy by 21.8% in the 1st quarter. Vident Advisory LLC now owns 2,387,194 shares of the company's stock worth $3,185,000 after purchasing an additional 427,019 shares during the last quarter. Hedge funds and other institutional investors own 20.86% of the company's stock.
enCore Energy Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider enCore Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and enCore Energy wasn't on the list.
While enCore Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
