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

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

EU has been the subject of a number of other reports. Ventum Financial set a C$7.00 price objective on shares of enCore Energy and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Ventum Cap Mkts raised shares of enCore Energy to a “strong-buy” rating in a report on Monday, July 8th.

enCore Energy Stock Performance

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

enCore Energy (CVE:EU) last released its earnings results on Wednesday, August 14th. The company reported C($0.07) EPS for the quarter. The company 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%.

Insider Buying and Selling at enCore Energy

In other news, Director William Morris Sheriff sold 16,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of C$4.41, for a total value of C$70,513.60. 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.