enCore Energy's (EU) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of enCore Energy (NASDAQ:EU - Free Report) in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a $2.75 price target on the stock. HC Wainwright also issued estimates for enCore Energy's FY2025 earnings at ($0.27) EPS and FY2026 earnings at ($0.10) EPS.

enCore Energy Stock Down 5.2%

Shares of enCore Energy stock traded down $0.09 on Tuesday, hitting $1.64. The stock had a trading volume of 2,306,596 shares, compared to its average volume of 1,551,221. enCore Energy has a twelve month low of $1.01 and a twelve month high of $4.96. The business's 50 day moving average is $1.46 and its two-hundred day moving average is $2.63. The stock has a market cap of $306.17 million, a price-to-earnings ratio of -5.86 and a beta of 1.19.

enCore Energy (NASDAQ:EU - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The firm had revenue of $18.24 million during the quarter, compared to the consensus estimate of $15.10 million. As a group, equities analysts predict that enCore Energy will post -0.2 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman William M. Sheriff purchased 40,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average cost of $1.21 per share, for a total transaction of $48,400.00. Following the completion of the purchase, the chairman now owns 2,310,055 shares in the company, valued at approximately $2,795,166.55. This represents a 1.76% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On enCore Energy

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in enCore Energy by 6.7% during the third quarter. JPMorgan Chase & Co. now owns 81,173 shares of the company's stock worth $328,000 after purchasing an additional 5,067 shares during the last quarter. Legal & General Group Plc lifted its stake in enCore Energy by 17.7% during the fourth quarter. Legal & General Group Plc now owns 35,315 shares of the company's stock worth $120,000 after purchasing an additional 5,322 shares during the last quarter. NFP Retirement Inc. lifted its stake in enCore Energy by 27.3% during the fourth quarter. NFP Retirement Inc. now owns 28,000 shares of the company's stock worth $95,000 after purchasing an additional 6,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in enCore Energy by 64.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company's stock worth $27,000 after purchasing an additional 7,461 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in enCore Energy by 7.2% during the fourth quarter. MetLife Investment Management LLC now owns 112,175 shares of the company's stock worth $383,000 after purchasing an additional 7,532 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors.

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.