Key Points
- Chairman William Sheriff sold 24,000 shares of enCore Energy at an average price of $2.65 on Nov. 26 for a total of $63,600, trimming his stake by about 1.04% to 2,286,055 shares.
- Shares opened at $2.65 and were trading down ~3.1%; the company has a market cap of roughly $495 million, reported a loss of $0.07 EPS last quarter, and displays negative margins and a negative P/E.
- Analyst views are mixed—average rating “Moderate Buy” with a $4.00 average price target—and institutional investors own about 20.86% of the stock, with several funds recently adjusting their positions.
enCore Energy Corp. (NASDAQ:EU - Get Free Report) Chairman William Sheriff sold 24,000 shares of enCore Energy stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $2.65, for a total transaction of $63,600.00. Following the completion of the sale, the chairman owned 2,286,055 shares of the company's stock, valued at approximately $6,058,045.75. This trade represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
enCore Energy Trading Down 3.1%
NASDAQ EU opened at $2.65 on Tuesday. The company has a market capitalization of $495.28 million, a price-to-earnings ratio of -9.45 and a beta of 2.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 13.64 and a quick ratio of 12.48. enCore Energy Corp. has a 12 month low of $1.01 and a 12 month high of $4.18. The company's fifty day moving average price is $2.99 and its two-hundred day moving average price is $2.66.
enCore Energy (NASDAQ:EU - Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter. enCore Energy had a negative return on equity of 19.83% and a negative net margin of 118.78%.The company had revenue of $8.88 million during the quarter. As a group, research analysts predict that enCore Energy Corp. will post -0.2 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have issued reports on EU shares. Wall Street Zen cut enCore Energy from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. HC Wainwright upped their price target on enCore Energy from $2.75 to $4.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Zacks Research raised shares of enCore Energy to a "hold" rating in a report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of enCore Energy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $4.00.
Read Our Latest Stock Analysis on EU
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. grew its stake in enCore Energy by 25.1% during the 2nd quarter. Raymond James Financial Inc. now owns 19,968 shares of the company's stock worth $57,000 after buying an additional 4,000 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its holdings in shares of enCore Energy by 0.3% during the third quarter. Goehring & Rozencwajg Associates LLC now owns 1,165,336 shares of the company's stock valued at $3,741,000 after acquiring an additional 4,016 shares during the period. Franklin Resources Inc. grew its position in shares of enCore Energy by 24.6% during the third quarter. Franklin Resources Inc. now owns 21,560 shares of the company's stock worth $69,000 after acquiring an additional 4,252 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of enCore Energy by 192.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company's stock worth $26,000 after acquiring an additional 5,356 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in enCore Energy by 222.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company's stock valued at $27,000 after purchasing an additional 5,797 shares during the last quarter. 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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