enCore Energy (NASDAQ:EU) Earns “Buy” Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of enCore Energy (NASDAQ:EUFree Report) in a research report sent to investors on Friday, Benzinga reports. HC Wainwright currently has a $7.50 price objective on the stock. HC Wainwright also issued estimates for enCore Energy’s FY2025 earnings at $0.06 EPS.

Separately, B. Riley reissued a buy rating and set a $6.00 price target on shares of enCore Energy in a research report on Wednesday, May 15th.

Read Our Latest Stock Report on enCore Energy

enCore Energy Stock Up 0.5 %

Shares of EU opened at $4.15 on Friday. enCore Energy has a twelve month low of $2.16 and a twelve month high of $5.05. The company has a market cap of $765.26 million, a PE ratio of -31.92 and a beta of 0.14. The business’s 50 day simple moving average is $4.49.

enCore Energy (NASDAQ:EUGet Free Report) last released its earnings results on Friday, May 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $30.40 million during the quarter, compared to analyst estimates of $3.30 million. Equities research analysts forecast that enCore Energy will post -0.06 EPS for the current year.

Institutional Trading of enCore Energy

Large investors have recently made changes to their positions in the company. Arlington Capital Management Inc. bought a new position in enCore Energy in the 4th quarter valued at approximately $853,000. Mirae Asset Global Investments Co. Ltd. boosted its position in enCore Energy by 7.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,260,952 shares of the company’s stock valued at $32,640,000 after acquiring an additional 541,050 shares during the last quarter. HTLF Bank bought a new stake in shares of enCore Energy during the 4th quarter valued at about $983,000. GeoSphere Capital Management LLC increased its holdings in shares of enCore Energy by 7.7% during the fourth quarter. GeoSphere Capital Management LLC now owns 696,700 shares of the company’s stock valued at $2,738,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Paradice Investment Management LLC acquired a new stake in enCore Energy in the 4th quarter valued at $239,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

enCore Energy Company Profile

(Get Free Report)

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.

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