enCore Energy (NASDAQ:EU) Shares Down 4.3%

Shares of enCore Energy Corp. (NASDAQ:EU) dropped 4.3% during trading on Tuesday . The stock traded as low as $4.01 and last traded at $4.04. Approximately 267,356 shares were traded during trading, a decline of 79% from the average daily volume of 1,292,450 shares. The stock had previously closed at $4.22.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on shares of enCore Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $6.00 price target for the company.

enCore Energy Stock Down 0.2 %

The stock has a market capitalization of $752.56 million, a price-to-earnings ratio of -25.94 and a beta of -0.03. The firm’s 50-day moving average price is $4.24. The company has a quick ratio of 4.03, a current ratio of 4.04 and a debt-to-equity ratio of 0.07.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.09) EPS for the quarter. On average, sell-side analysts forecast that enCore Energy Corp. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On enCore Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of enCore Energy by 54.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 125,833 shares of the company’s stock valued at $551,000 after purchasing an additional 44,312 shares during the last quarter. Vanguard Group Inc. raised its position in shares of enCore Energy by 12.6% in the 4th quarter. Vanguard Group Inc. now owns 673,384 shares of the company’s stock valued at $2,646,000 after purchasing an additional 75,383 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in enCore Energy by 59.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 323,967 shares of the company’s stock worth $1,273,000 after buying an additional 120,970 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in enCore Energy by 12.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,631 shares of the company’s stock worth $148,000 after buying an additional 4,227 shares during the period. Finally, Barclays PLC increased its holdings in enCore Energy by 135.0% in the 4th quarter. Barclays PLC now owns 294,600 shares of the company’s stock worth $1,157,000 after buying an additional 169,256 shares during the period. 20.86% of the stock is owned by hedge funds and other 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.