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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EU:
- enCore Energy Strengthens Leadership with New Board Appointment
- EnCore Energy appoints Heili to board of directors, Stover to retire
- Unusually active option classes on open November 14th
- enCore Energy’s Positive Financial Trajectory and Strategic Advancements Justify Buy Rating
- Largest borrow rate increases among liquid names