HC Wainwright Initiates Coverage on enCore Energy (NASDAQ:EU)

Stock analysts at HC Wainwright assumed coverage on shares of enCore Energy (NASDAQ:EU - Get Free Report) in a research note issued to investors on Monday, MarketBeat reports. The firm set a "buy" rating and a $7.50 price target on the stock. HC Wainwright's target price suggests a potential upside of 53.37% from the stock's current price.

Separately, B. Riley began coverage on enCore Energy in a research note on Friday, February 2nd. They issued a "buy" rating and a $6.00 target price for the company.

enCore Energy Stock Up 1.5 %

NASDAQ EU traded up $0.07 during midday trading on Monday, hitting $4.89. The company had a trading volume of 1,013,505 shares, compared to its average volume of 1,245,448. The stock has a fifty day moving average of $4.26. enCore Energy has a fifty-two week low of $1.93 and a fifty-two week high of $5.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.03 and a current ratio of 4.04. The firm has a market cap of $886.80 million, a PE ratio of -30.13 and a beta of 0.07.

enCore Energy (NASDAQ:EU - Get Free Report) last released its earnings results on Thursday, March 28th. The company reported ($0.09) earnings per share for the quarter. As a group, equities analysts predict that enCore Energy will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On enCore Energy

Several large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new stake in enCore Energy in the first quarter valued at about $459,000. Van ECK Associates Corp acquired a new stake in shares of enCore Energy in the 1st quarter valued at approximately $3,399,000. Azarias Capital Management L.P. boosted its stake in enCore Energy by 232.0% during the 1st quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company's stock worth $18,013,000 after acquiring an additional 2,626,395 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in enCore Energy during the first quarter valued at approximately $83,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in enCore Energy by 54.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 125,833 shares of the company's stock valued at $551,000 after purchasing an additional 44,312 shares in the last quarter. 20.86% of the stock is currently 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.