U S Global Investors Inc. Sells 50,000 Shares of enCore Energy Corp. (NASDAQ:EU)

U S Global Investors Inc. lessened its stake in shares of enCore Energy Corp. (NASDAQ:EU) by 33.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,000 shares of the company’s stock after selling 50,000 shares during the period. U S Global Investors Inc. owned about 0.05% of enCore Energy worth $410,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Azarias Capital Management L.P. increased its holdings in enCore Energy by 232.0% in the 1st quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company’s stock worth $18,013,000 after buying an additional 2,626,395 shares during the period. Vanguard Group Inc. boosted its holdings in enCore Energy by 37.0% in the first quarter. Vanguard Group Inc. now owns 922,691 shares of the company’s stock valued at $4,041,000 after purchasing an additional 249,307 shares during the last quarter. Van ECK Associates Corp acquired a new stake in enCore Energy during the 1st quarter worth about $3,399,000. Natixis purchased a new position in shares of enCore Energy during the 1st quarter valued at about $576,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of enCore Energy in the 1st quarter valued at about $83,000. 20.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. HC Wainwright reiterated a “buy” rating and set a $7.00 price target on shares of enCore Energy in a research report on Monday, October 7th. Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a research report on Thursday, August 22nd.

enCore Energy Stock Performance

Shares of NASDAQ EU traded down $0.09 during trading on Tuesday, reaching $4.21. The stock had a trading volume of 62,603 shares, compared to its average volume of 1,224,806. enCore Energy Corp. has a fifty-two week low of $2.98 and a fifty-two week high of $5.05. The business’s 50-day moving average price is $3.75 and its 200-day moving average price is $4.06. The company has a market cap of $776.34 million, a P/E ratio of -33.08 and a beta of -0.02.

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

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.