enCore Energy Corp. (NASDAQ:EU – Get Free Report)’s stock price gapped down before the market opened on Friday after HC Wainwright lowered their price target on the stock from $7.50 to $7.00. The stock had previously closed at $3.35, but opened at $3.22. HC Wainwright currently has a buy rating on the stock. enCore Energy shares last traded at $3.30, with a volume of 68,597 shares traded.
Separately, B. Riley reiterated a “buy” rating and set a $6.00 target price on shares of enCore Energy in a report on Wednesday, May 15th.
Institutional Investors Weigh In On enCore Energy
Several large investors have recently made changes to their positions in EU. Principal Financial Group Inc. increased its holdings in shares of enCore Energy by 19.6% during the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after acquiring an additional 3,652 shares during the last quarter. ProShare Advisors LLC raised its position in shares of 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 purchasing an additional 5,074 shares during the period. American International Group Inc. lifted its stake in shares of enCore Energy by 10.4% during the 1st quarter. American International Group Inc. now owns 80,557 shares of the company’s stock worth $353,000 after buying an additional 7,602 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of enCore Energy by 23.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,585 shares of the company’s stock worth $205,000 after buying an additional 8,954 shares during the period. Finally, Rathbones Group PLC acquired a new position in enCore Energy in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 20.86% of the company’s stock.
enCore Energy Stock Performance
The stock has a market capitalization of $606.69 million, a P/E ratio of -25.54 and a beta of -0.01. The company’s fifty day simple moving average is $3.87 and its two-hundred day simple moving average is $4.23.
enCore Energy (NASDAQ:EU – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $5.32 million for the quarter, compared to analyst estimates of $13.10 million. On average, research analysts predict that enCore Energy Corp. will post -0.05 earnings per share 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.