tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Cantor upgrades EnCore Energy to Buy on Alta Mesa mine improvement

Cantor Fitzgerald upgraded EnCore Energy (EU) to Buy from Speculative Buy with an unchanged price target of $3.25 after the company reported a “positive operational update” along with monthly production results at its Alta Mesa in-situ recovery uranium mine in south Texas. Alta Mesa uranium extraction continues to scale-up, with consistent month-over-month improvement, the analyst noted. The momentum is being driven by accelerated wellfield development and improved runtime, which supports further production growth, the analyst added.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1