enCore Energy (NASDAQ:EU) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• enCore Energy has received a "sell (D-)" rating from Weiss Ratings, indicating a negative outlook on the stock.
• Despite the downgrade, other analysts like B. Riley and HC Wainwright have issued "buy" ratings with a price target of $4.00.
• The company's recent earnings report showed a negative EPS of ($0.07), with analysts expecting an EPS of -0.2 for the current fiscal year.

enCore Energy (NASDAQ:EU - Get Free Report)'s stock had its "sell (d-)" rating reissued by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other analysts also recently issued reports about the stock. B. Riley started coverage on shares of enCore Energy in a report on Wednesday, July 23rd. They set a "buy" rating and a $4.00 price target on the stock. HC Wainwright increased their price target on shares of enCore Energy from $2.75 to $4.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Zacks Research raised shares of enCore Energy to a "hold" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen raised shares of enCore Energy from a "sell" rating to a "hold" rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, enCore Energy presently has a consensus rating of "Moderate Buy" and an average target price of $4.00.

enCore Energy Stock Up 0.9%

Shares of NASDAQ:EU traded up $0.03 during midday trading on Wednesday, reaching $3.47. The company's stock had a trading volume of 4,747,440 shares, compared to its average volume of 4,646,706. The firm has a market capitalization of $649.24 million, a PE ratio of -9.91 and a beta of 1.98. enCore Energy has a twelve month low of $1.01 and a twelve month high of $4.44. The stock has a fifty day moving average of $2.69 and a 200 day moving average of $2.25.

enCore Energy (NASDAQ:EU - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.07) earnings per share (EPS) for the quarter. enCore Energy had a negative return on equity of 19.23% and a negative net margin of 143.28%.The firm had revenue of $3.66 million for the quarter. Sell-side analysts anticipate that enCore Energy will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On enCore Energy

A number of hedge funds have recently modified their holdings of EU. Accordant Advisory Group Inc raised its position in shares of enCore Energy by 66.4% in the first quarter. Accordant Advisory Group Inc now owns 274,813 shares of the company's stock valued at $376,000 after buying an additional 109,652 shares during the last quarter. Sovran Advisors LLC acquired a new stake in shares of enCore Energy in the first quarter valued at about $36,000. Goehring & Rozencwajg Associates LLC raised its position in shares of enCore Energy by 2.2% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,161,923 shares of the company's stock valued at $1,592,000 after buying an additional 25,402 shares during the last quarter. Arlington Capital Management Inc. raised its position in shares of enCore Energy by 20.0% in the first quarter. Arlington Capital Management Inc. now owns 219,462 shares of the company's stock valued at $301,000 after buying an additional 36,572 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of enCore Energy by 64.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company's stock valued at $27,000 after buying an additional 7,461 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

enCore Energy Company Profile

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.

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