enCore Energy (NASDAQ:EU) Price Target Cut to $7.00 by Analysts at HC Wainwright

enCore Energy (NASDAQ:EU) had its price target reduced by HC Wainwright from $7.50 to $7.00 in a report released on Thursday, Benzinga reports. HC Wainwright currently has a buy rating on the stock.

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

enCore Energy Price Performance

Shares of EU stock opened at $3.29 on Thursday. The company has a market capitalization of $606.69 million, a P/E ratio of -25.31 and a beta of -0.01. The company’s 50-day simple moving average is $3.85 and its two-hundred day simple moving average is $4.21. enCore Energy has a one year low of $2.17 and a one year high of $5.05.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The company had revenue of $5.32 million during the quarter, compared to analysts’ expectations of $13.10 million. On average, research analysts expect that enCore Energy will post -0.05 EPS for the current fiscal year.

Institutional Trading of enCore Energy

A number of hedge funds have recently bought and sold shares of the stock. HTLF Bank purchased a new stake in shares of enCore Energy during the fourth quarter valued at about $983,000. Fourth Sail Capital LP purchased a new stake in enCore Energy during the fourth quarter valued at approximately $5,519,000. Arlington Capital Management Inc. purchased a new stake in enCore Energy during the fourth quarter valued at approximately $853,000. Paradice Investment Management LLC acquired a new stake in enCore Energy in the fourth quarter valued at approximately $239,000. Finally, Goehring & Rozencwajg Associates LLC grew its holdings in enCore Energy by 3.9% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 905,195 shares of the company’s stock worth $3,557,000 after purchasing an additional 34,125 shares during the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

About enCore Energy

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.