enCore Energy (NASDAQ:EU) Shares Gap Up to $3.66

Shares of enCore Energy Corp. (NASDAQ:EU) gapped up prior to trading on Monday . The stock had previously closed at $3.66, but opened at $3.74. enCore Energy shares last traded at $3.66, with a volume of 63,555 shares traded.

Analyst Ratings Changes

A number of brokerages recently commented on EU. HC Wainwright decreased their target price on enCore Energy from $7.50 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Ventum Cap Mkts raised enCore Energy to a “strong-buy” rating in a research report on Thursday, August 22nd.

enCore Energy Trading Down 0.8 %

The business has a fifty day simple moving average of $3.63 and a 200 day simple moving average of $4.08. The stock has a market capitalization of $669.39 million, a P/E ratio of -28.15 and a beta of -0.03.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $5.32 million during the quarter, compared to analysts’ expectations of $13.10 million. As a group, research analysts forecast that enCore Energy Corp. will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On enCore Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Goehring & Rozencwajg Associates LLC lifted its stake in enCore Energy by 3.9% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 905,195 shares of the company’s stock valued at $3,557,000 after purchasing an additional 34,125 shares during the last quarter. GeoSphere Capital Management LLC lifted its stake in enCore Energy by 7.7% in the fourth quarter. GeoSphere Capital Management LLC now owns 696,700 shares of the company’s stock valued at $2,738,000 after purchasing an additional 50,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in enCore Energy by 54.4% in the first 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. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in enCore Energy during the 1st quarter valued at $83,000. Finally, Azarias Capital Management L.P. raised its holdings in enCore Energy by 232.0% during the 1st quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company’s stock valued at $18,013,000 after acquiring an additional 2,626,395 shares during the period. Hedge funds and other 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.