enCore Energy (NASDAQ:EU) Receives “Buy” Rating from HC Wainwright

enCore Energy (NASDAQ:EU)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $7.00 price target on the stock. HC Wainwright’s price objective points to a potential upside of 85.19% from the stock’s current price.

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

enCore Energy Stock Up 5.3 %

Shares of EU opened at $3.78 on Tuesday. The company has a 50-day simple moving average of $3.93 and a 200-day simple moving average of $3.98. The company has a market capitalization of $703.23 million, a PE ratio of -13.50 and a beta of 0.05. enCore Energy has a 52-week low of $3.02 and a 52-week high of $5.05.

Institutional Investors Weigh In On enCore Energy

Several large investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in enCore Energy by 19.6% in the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock valued at $88,000 after acquiring an additional 3,652 shares during the period. ProShare Advisors LLC lifted its stake in enCore Energy by 20.9% in the first quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock valued at $129,000 after buying an additional 5,074 shares during the period. Arlington Capital Management Inc. lifted its stake in enCore Energy by 2.6% in the third quarter. Arlington Capital Management Inc. now owns 222,035 shares of the company’s stock valued at $897,000 after buying an additional 5,655 shares during the period. American International Group Inc. lifted its stake in enCore Energy by 10.4% in the first 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 during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of enCore Energy by 23.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 46,585 shares of the company’s stock worth $205,000 after purchasing an additional 8,954 shares during the period. Institutional investors own 20.86% of the company’s stock.

About enCore Energy

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.