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

enCore Energy (CVE:EU) had its price target hoisted by equities researchers at Canaccord Genuity Group from C$8.00 to C$8.50 in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 46.05% from the company’s previous close.

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

enCore Energy Stock Up 3.6 %

enCore Energy stock traded up C$0.20 during midday trading on Tuesday, hitting C$5.82. 179,083 shares of the stock were exchanged, compared to its average volume of 205,204. The company has a market capitalization of C$1.08 billion, a PE ratio of -32.33 and a beta of 1.19. The stock’s 50-day simple moving average is C$4.85. enCore Energy has a 52-week low of C$4.07 and a 52-week high of C$6.91.

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 shares were sold at an average price of C$3.80, for a total value of C$38,000.00. 2.12% of the stock is currently owned by company insiders.

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.