enCore Energy (NASDAQ:EU) Stock Rating Lowered by Wall Street Zen

Key Points

• enCore Energy has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen.
• The stock currently has a consensus rating of "Buy" with a price target of $4.00 from other research analysts.
• enCore Energy's stock has declined 4.7% and has a market cap of approximately $417.22 million.

enCore Energy (NASDAQ:EU - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Sunday.

Other equities analysts also recently issued reports about the company. B. Riley assumed coverage on enCore Energy in a research report on Wednesday, July 23rd. They set a "buy" rating and a $4.00 target price on the stock. Zacks Research upgraded enCore Energy to a "hold" rating in a research report on Tuesday, August 12th. Finally, HC Wainwright lifted their target price on enCore Energy from $2.75 to $4.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, enCore Energy has a consensus rating of "Buy" and an average target price of $4.00.

enCore Energy Stock Performance

Shares of EU stock traded up $0.03 on Friday, reaching $2.61. The stock had a trading volume of 2,744,361 shares, compared to its average volume of 4,077,169. The stock has a market cap of $488.33 million, a P/E ratio of -7.46 and a beta of 1.84. enCore Energy has a 1 year low of $1.01 and a 1 year high of $4.44. The company has a 50 day simple moving average of $2.62 and a 200 day simple moving average of $2.09.

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

Institutional Investors Weigh In On enCore Energy

Institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of enCore Energy by 64.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company's stock valued at $27,000 after acquiring an additional 7,461 shares during the period. Compound Planning Inc. acquired a new stake in shares of enCore Energy during the 1st quarter valued at about $27,000. Ballentine Partners LLC acquired a new stake in shares of enCore Energy during the 2nd quarter valued at about $29,000. Osaic Holdings Inc. acquired a new stake in shares of enCore Energy during the 2nd quarter valued at about $29,000. Finally, Virtu Financial LLC acquired a new stake in shares of enCore Energy during the 1st quarter valued at about $35,000. 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.