Canaccord cuts enCore Energy to Speculative Buy, target to $1.50
Canaccord Genuity downgraded enCore Energy to Speculative Buy and cut its price target to $1.50 from $4.50, according to TradingView data.
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what happened
Canaccord Genuity lowered its rating on enCore Energy shares from Buy to Speculative Buy and reduced the price target from $4.50 to $1.50, a 66.7% cut. TradingView, citing Benzinga, reports that the new target implies a 92.3% upside from the November 12 close of $0.78.
why it matters
For investors, this signals that the analyst still holds a positive view of the company but has become noticeably more cautious. The stock trades at a low price, so even a small absolute change in the target looks like a large percentage move. Rating changes from a single brokerage usually affect only the company's own shares and have little effect on the uranium market as a whole.
tags
instruments
sources
- Canaccord Genuity downgrades enCore Energy to Speculative Buy from Buy, lowers price target to $1.50 — TradingView, 13 November 2026 at 18:24 UTC
- enCore Energy Price Target Cut to $1.50/Share From $4.50 by Canaccord Genuity — Dow Jones Newswires, 13 November 2026 at 18:37 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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