enCore Energy (CVE:EU) PT Raised to C$8.50

enCore Energy (CVE:EU) had its target price hoisted by Canaccord Genuity Group from C$8.00 to C$8.50 in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Ventum Cap Mkts raised shares of enCore Energy to a strong-buy rating in a report on Monday, July 8th. Ventum Financial set a C$7.00 price target on shares of enCore Energy and gave the company a buy rating in a report on Thursday, August 22nd.

enCore Energy Stock Down 4.0 %

EU opened at C$5.51 on Tuesday. The stock’s fifty day simple moving average is C$4.86. enCore Energy has a 52 week low of C$4.07 and a 52 week high of C$6.91. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of -30.61 and a beta of 1.19.

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

Insider Buying and Selling

In related news, Director William Morris Sheriff sold 10,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$3.80, for a total value of C$38,000.00. Company 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.