HC Wainwright Reiterates Buy Rating for enCore Energy (NASDAQ:EU)

HC Wainwright reiterated their buy rating on shares of enCore Energy (NASDAQ:EU) in a report released on Tuesday morning,Benzinga reports. HC Wainwright currently has a $7.00 target price on the stock.

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

enCore Energy Stock Performance

EU opened at $3.93 on Tuesday. The stock has a market capitalization of $731.14 million, a price-to-earnings ratio of -14.04 and a beta of 0.05. The company has a fifty day moving average of $3.94 and a 200 day moving average of $3.97. enCore Energy has a fifty-two week low of $3.02 and a fifty-two week high of $5.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in enCore Energy by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock worth $8,901,000 after acquiring an additional 24,786 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of enCore Energy during the third quarter valued at approximately $832,000. State Street Corp boosted its position in shares of enCore Energy by 3.5% during the third quarter. State Street Corp now owns 3,085,686 shares of the company’s stock valued at $12,466,000 after buying an additional 105,685 shares during the period. Verition Fund Management LLC purchased a new position in shares of enCore Energy during the third quarter valued at approximately $96,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of enCore Energy by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 437,297 shares of the company’s stock valued at $1,767,000 after buying an additional 15,740 shares during the period. Hedge funds and other institutional investors own 20.86% of the company’s stock.

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.