enCore Energy (NASDAQ:EU) Now Covered by Analysts at HC Wainwright

HC Wainwright started coverage on shares of enCore Energy (NASDAQ:EU) in a research report report published on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $7.50 target price on the stock. HC Wainwright also issued estimates for enCore Energy’s FY2024 earnings at ($0.12) EPS and FY2025 earnings at $0.09 EPS.

Separately, B. Riley initiated coverage on shares of enCore Energy in a research note on Friday, February 2nd. They issued a buy rating and a $6.00 target price on the stock.

enCore Energy Trading Up 3.2 %

EU opened at $4.88 on Monday. enCore Energy has a 12 month low of $1.93 and a 12 month high of $5.05. The company has a current ratio of 4.04, a quick ratio of 4.03 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $4.33. The stock has a market capitalization of $884.99 million, a price-to-earnings ratio of -30.50 and a beta of 0.07.

enCore Energy (NASDAQ:EU) last released its earnings results on Thursday, March 28th. The company reported ($0.09) earnings per share for the quarter. On average, research analysts forecast that enCore Energy will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On enCore Energy

Hedge funds have recently added to or reduced their stakes in the stock. Azarias Capital Management L.P. lifted its holdings in enCore Energy by 232.0% during the first quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company’s stock worth $18,013,000 after buying an additional 2,626,395 shares during the period. Fourth Sail Capital LP bought a new stake in enCore Energy during the fourth quarter valued at about $5,519,000. Van ECK Associates Corp purchased a new position in enCore Energy in the first quarter valued at about $3,399,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in enCore Energy by 7.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,260,952 shares of the company’s stock worth $32,640,000 after purchasing an additional 541,050 shares in the last quarter. Finally, HTLF Bank purchased a new stake in shares of enCore Energy during the fourth quarter valued at about $983,000. 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.