Texas Capital initiated coverage of EnCore Energy (EU) with a Buy rating and $3.50 price target The U.S. uranium producer specializes in in-situ recovery and currently operates two central processing plants in Texas with a total nameplate capacity of 2.8M lbs of U3O8. The firm sees the company having “a compelling near-term growth outlook” as it develops additional wellfields, adding that two growth projects – Dewey Burdock and Gas Hills – could add an incremental 2.0M lbs of processing capacity once completed.
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