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

enCore Energy (CVE:EU) had its price target hoisted by Canaccord Genuity Group from C$8.00 to C$8.50 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

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

enCore Energy Price Performance

EU opened at C$5.51 on Tuesday. The firm has a fifty day simple moving average of C$4.86. The stock has a market capitalization of C$1.02 billion, a price-to-earnings ratio of -30.61 and a beta of 1.19. enCore Energy has a 12-month low of C$4.07 and a 12-month high of C$6.91.

enCore Energy (CVE:EU) last announced 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 return on equity of 6.92% and a negative net margin of 58.43%. The firm had revenue of C$7.28 million for the quarter.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Director William Morris Sheriff sold 16,000 shares of enCore Energy stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$4.41, for a total transaction of C$70,513.60. Company 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.