Key Points
- Director Susan Hoxie-Key sold 30,648 enCore Energy shares at an average price of $0.94, generating approximately $28,809 and reducing her ownership by 33.47%.
- enCore Energy reported a quarterly loss of $0.21 per share, missing estimates by $0.11, on revenue of $15.7 million; analysts project a full-year loss of $0.41 per share.
- The stock opened at $0.91 and has declined from its 52-week high of $4.18. Despite mixed analyst actions, the shares carry a “Moderate Buy” consensus rating and an average price target of $2.90.
enCore Energy Corp. (NASDAQ:EU - Get Free Report) Director Susan Hoxie-Key sold 30,648 shares of the firm's stock in a transaction on Monday, October 12th. The stock was sold at an average price of $0.94, for a total transaction of $28,809.12. Following the completion of the sale, the director owned 60,918 shares of the company's stock, valued at $57,262.92. The trade was a 33.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
enCore Energy Trading Down 0.8%
EU opened at $0.91 on Wednesday. The company has a fifty day moving average price of $1.15 and a two-hundred day moving average price of $1.41. enCore Energy Corp. has a 1-year low of $0.77 and a 1-year high of $4.18. The company has a market cap of $177.30 million, a P/E ratio of -2.77 and a beta of 2.16. The company has a current ratio of 8.00, a quick ratio of 6.84 and a debt-to-equity ratio of 0.45.
enCore Energy (NASDAQ:EU - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.11). The company had revenue of $15.70 million for the quarter. enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%. Analysts predict that enCore Energy Corp. will post -0.41 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Wall Street Zen downgraded enCore Energy from a "hold" rating to a "strong sell" rating in a research note on Saturday, September 26th. Weiss Ratings cut enCore Energy from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday, September 14th. Jefferies Financial Group assumed coverage on enCore Energy in a report on Thursday, September 3rd. They set a "buy" rating and a $1.44 price objective for the company. Zacks Research raised enCore Energy from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. Finally, HC Wainwright cut their target price on enCore Energy from $3.75 to $3.50 and set a "buy" rating on the stock in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $2.90.
View Our Latest Report on EU
Institutional Investors Weigh In On enCore Energy
Institutional investors and hedge funds have recently made changes to their positions in the business. Azarias Capital Management L.P. increased its holdings in enCore Energy by 22.6% during the 1st quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company's stock worth $9,122,000 after purchasing an additional 934,857 shares in the last quarter. Tidal Investments LLC bought a new position in shares of enCore Energy in the second quarter valued at approximately $2,755,000. Goehring & Rozencwajg Associates LLC lifted its holdings in shares of enCore Energy by 19.3% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,464,724 shares of the company's stock valued at $2,637,000 after purchasing an additional 237,469 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of enCore Energy during the fourth quarter valued at approximately $2,379,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of enCore Energy during the second quarter valued at approximately $725,000. Institutional investors and hedge funds own 20.86% of the company's stock.
About enCore Energy
(
Get Free Report)
enCore Energy Corp. is a uranium company focused on the exploration, development and production of uranium in the United States. The company uses in-situ recovery (ISR), a method that extracts uranium from underground deposits by circulating a solution through the host formation and processing the recovered material at licensed facilities.
enCore's portfolio is concentrated in South Texas and includes the Rosita and Alta Mesa uranium processing facilities, along with associated well fields, mineral rights and development projects.
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