enCore Energy (CVE:EU) PT Raised to C$8.50 at Canaccord Genuity Group

enCore Energy (CVE:EU) had its target price boosted by equities research analysts at Canaccord Genuity Group from C$8.00 to C$8.50 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 47.06% from the company’s previous close.

A number of other analysts have also issued reports on EU. Ventum Financial set a C$7.00 price objective on enCore Energy and gave the company a “buy” rating in a research note on Thursday, August 22nd. Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a research report on Monday, July 8th.

enCore Energy Price Performance

Shares of EU opened at C$5.78 on Tuesday. The company has a market cap of C$1.07 billion, a price-to-earnings ratio of -32.11 and a beta of 1.19. enCore Energy has a 52 week low of C$4.07 and a 52 week high of C$6.91. The business’s 50 day moving average is C$4.86.

enCore Energy (CVE:EU) last announced its earnings results on Wednesday, August 14th. The company reported C($0.07) earnings per share for the quarter. The business had revenue of C$7.28 million during the quarter. enCore Energy had a negative return on equity of 6.92% and a negative net margin of 58.43%.

Insiders Place Their Bets

In other news, Director William Morris Sheriff sold 10,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$3.80, for a total value of C$38,000.00. Corporate insiders own 2.12% of the company’s stock.

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 the Crownpoint and Hosta Butte uranium project that covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also has interests in the Marquez-Juan Tafoya property, which consists of 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project that covers 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.