enCore Energy (NASDAQ:EU) Earns Buy Rating from B. Riley

B. Riley restated their buy rating on shares of enCore Energy (NASDAQ:EU - Free Report) in a report published on Wednesday morning, Benzinga reports. The firm currently has a $6.00 target price on the stock.

Separately, HC Wainwright initiated coverage on shares of enCore Energy in a research note on Monday, May 6th. They set a buy rating and a $7.50 price objective for the company.

enCore Energy Trading Down 0.4 %

Shares of enCore Energy stock traded down $0.02 on Wednesday, hitting $4.45. 972,363 shares of the company traded hands, compared to its average volume of 1,263,982. 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 stock has a market cap of $807.01 million, a P/E ratio of -34.23 and a beta of 0.07. The company has a 50 day moving average of $4.38. enCore Energy has a 52 week low of $1.93 and a 52 week high of $5.05.

enCore Energy (NASDAQ:EU - Get Free Report) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The company had revenue of $30.40 million for the quarter, compared to the consensus estimate of $3.30 million. As a group, research analysts anticipate that enCore Energy will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On enCore Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in EU. Price T Rowe Associates Inc. MD lifted its position in shares of enCore Energy by 23.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 46,585 shares of the company's stock valued at $205,000 after acquiring an additional 8,954 shares in the last quarter. Vident Advisory LLC boosted its stake in enCore Energy by 21.3% during the 1st quarter. Vident Advisory LLC now owns 1,575,173 shares of the company's stock worth $6,693,000 after purchasing an additional 276,211 shares during the last quarter. Natixis acquired a new stake in enCore Energy during the 1st quarter worth $576,000. American International Group Inc. grew its holdings in shares of enCore Energy by 10.4% during the first quarter. American International Group Inc. now owns 80,557 shares of the company's stock worth $353,000 after buying an additional 7,602 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of enCore Energy by 37.0% in the first quarter. Vanguard Group Inc. now owns 922,691 shares of the company's stock valued at $4,041,000 after buying an additional 249,307 shares during the last quarter. Hedge funds and other institutional investors own 20.86% of the company's stock.

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.