Movers and SHAKERS
enCore Energy Corp. (ENCUF)(EU:CA)
Coverage Initiated As Outperform to Ride Uranium Price Wave
enCore Energy Corp together with its subsidiary, is engaged in the acquisition and exploration of resource properties. The company holds the Marquez project in New Mexico as well as the dominant land position in Arizona with additional other properties in Utah and Wyoming. The firm also owns or has access to North American and global uranium data including the Union Carbide, US Smelting and Refining, UV Industries, and Rancher's Exploration databases in addition to a collection of geophysical data for the high-grade Northern Arizona Breccia Pipe District.
Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
The success of enCore Energy and its stock price is tied to the success of the domestic uranium industry. A glut of uranium on the global market caused uranium spot prices to fall below profitable levels in recent years. Most domestic production of uranium has shut down. If uranium prices return to historical levels, all domestic uranium companies including enCore Energy will do well. We believe such a move will occur in the next few years in response to rising demand and a decreasing international supply of uranium.
enCore is in a good position to take advantage of a rise in uranium prices. We believe enCore’s Rosita processing plant can be started quickly and relatively inexpensively should uranium prices rise. enCore’s strong balance sheet and low-cost structure give it a competitive advantage over other domestic uranium producers. As it waits for uranium prices to return, enCore has been putting together a ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.