Canaccord Genuity Group Increases enCore Energy (CVE:EU) Price Target to C$8.50

enCore Energy (CVE:EU) had its target price lifted by stock analysts at Canaccord Genuity Group from C$8.00 to C$8.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 46.05% from the stock’s previous close.

Several other equities research analysts also recently commented on EU. Ventum Financial set a C$7.00 target price on shares of enCore Energy and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a report on Monday, July 8th.

enCore Energy Trading Up 3.6 %

enCore Energy stock traded up C$0.20 during mid-day trading on Tuesday, reaching C$5.82. 179,083 shares of the company were exchanged, compared to its average volume of 205,204. enCore Energy has a 12 month low of C$4.07 and a 12 month high of C$6.91. The company has a market cap of C$1.08 billion, a price-to-earnings ratio of -32.33 and a beta of 1.19. The firm’s fifty day simple moving average is C$4.85.

enCore Energy (CVE:EU) last issued its quarterly earnings data 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 business had revenue of C$7.28 million during the quarter.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Director William Morris Sheriff sold 10,000 shares of the business’s 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. Insiders own 2.12% 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 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.