enCore Energy’s (EU) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of enCore Energy (NASDAQ:EU) in a research note released on Tuesday,Benzinga reports. The firm currently has a $7.00 price target on the stock. HC Wainwright also issued estimates for enCore Energy’s FY2024 earnings at ($0.20) EPS.

Separately, Ventum Cap Mkts raised shares of enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd.

enCore Energy Stock Up 3.1 %

NASDAQ EU opened at $3.95 on Tuesday. The company has a market cap of $734.75 million, a PE ratio of -14.07 and a beta of 0.05. enCore Energy has a 52 week low of $3.02 and a 52 week high of $5.05. The firm’s 50-day simple moving average is $3.94 and its two-hundred day simple moving average is $3.97.

Institutional Investors Weigh In On enCore Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in shares of enCore Energy by 19.6% during the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after purchasing an additional 3,652 shares in the last quarter. ProShare Advisors LLC grew its stake in enCore Energy by 20.9% in the 1st quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock worth $129,000 after buying an additional 5,074 shares in the last quarter. Arlington Capital Management Inc. increased its holdings in shares of enCore Energy by 2.6% in the 3rd quarter. Arlington Capital Management Inc. now owns 222,035 shares of the company’s stock worth $897,000 after buying an additional 5,655 shares during the last quarter. American International Group Inc. raised its position in shares of enCore Energy by 10.4% during the 1st quarter. American International Group Inc. now owns 80,557 shares of the company’s stock valued at $353,000 after buying an additional 7,602 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of enCore Energy by 23.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,585 shares of the company’s stock worth $205,000 after acquiring an additional 8,954 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors.

enCore Energy Company Profile

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.