Coverage Initiated on Firm 'Set to Become a Leading, U.S.-Based ISR Uranium Developer'

Coverage Initiated on Firm ‘Set to Become a Leading, U.S.-Based ISR Uranium Developer’

December 2, 2021 ( Newswire) EnCore Energy’s acquisition of Azarga Uranium is expected to close shortly, according to a Red Cloud Securities report. EnCore Energy Corp. (EU:TSX.V; ENCUF:OTCQX) just became part of Red Cloud Securities’ coverage of energy stocks given it is "set to become a leading, U.S.-based in situ recovery (ISR) uranium developer," according to analyst David Talbot in a Nov. 17 research note. Red Cloud initiated coverage on enCore with a Buy rating and a CA$2.75 per share target price. In comparison, the mining company’s share price today is around CA$1.88.

"With uranium prices on the move and anticipated to rise further in the near term and with an extensive pipeline of ISR projects to develop, we believe investors should be keeping a close eye on this company," Talbot wrote.

The analyst further explained the reasons enCore Energy is compelling. For one, the British Columbia-headquartered company is well on […]

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