enCore Energy (NASDAQ:EU) Receives "Buy" Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of enCore Energy (NASDAQ:EU - Free Report) in a research note published on Tuesday morning,Benzinga reports. HC Wainwright currently has a $2.75 price objective 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 NASDAQ EU traded down $0.09 during midday trading on Tuesday, reaching $1.64. 2,306,596 shares of the stock were exchanged, compared to its average volume of 1,551,999. The firm has a market cap of $306.17 million, a price-to-earnings ratio of -5.86 and a beta of 1.19. enCore Energy has a twelve month low of $1.01 and a twelve month high of $4.96. The firm has a 50-day simple moving average of $1.46 and a two-hundred day simple moving average of $2.62.

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

Insiders Place Their Bets

In other enCore Energy news, Chairman William M. Sheriff purchased 40,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were bought 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 directly owns 2,310,055 shares of the company's stock, valued at approximately $2,795,166.55. This trade represents a 1.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently made changes to their positions in EU. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 buying an additional 7,461 shares in the last quarter. Compound Planning Inc. acquired a new position in shares of enCore Energy during the first quarter worth about $27,000. Virtu Financial LLC acquired a new position in shares of enCore Energy during the first quarter worth about $35,000. Savant Capital LLC acquired a new position in shares of enCore Energy during the fourth quarter worth about $36,000. Finally, Sovran Advisors LLC acquired a new position in shares of enCore Energy during the first quarter worth about $36,000. 20.86% of the stock is owned by institutional investors and hedge funds.

About enCore Energy

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.