Van ECK Associates Corp Has $5.07 Million Stock Position in enCore Energy Corp. (NASDAQ:EU)

Van ECK Associates Corp grew its holdings in shares of enCore Energy Corp. (NASDAQ:EU) by 65.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,286,286 shares of the company’s stock after buying an additional 510,176 shares during the quarter. Van ECK Associates Corp owned 0.70% of enCore Energy worth $5,068,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of enCore Energy during the first quarter valued at about $83,000. Virtu Financial LLC bought a new position in shares of enCore Energy during the first quarter valued at about $84,000. Principal Financial Group Inc. lifted its position in shares of enCore Energy by 19.6% during the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock valued at $88,000 after purchasing an additional 3,652 shares in the last quarter. Tidal Investments LLC bought a new position in shares of enCore Energy during the first quarter valued at about $120,000. Finally, ProShare Advisors LLC lifted its position in shares of enCore Energy by 20.9% during 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 in the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

enCore Energy Stock Performance

Shares of EU stock opened at $3.22 on Wednesday. The firm has a market cap of $595.77 million, a price-to-earnings ratio of -24.73 and a beta of -0.01. enCore Energy Corp. has a 52 week low of $2.56 and a 52 week high of $5.05. The firm’s 50-day simple moving average is $3.72 and its two-hundred day simple moving average is $4.12.

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

Analyst Ratings Changes

EU has been the topic of a number of recent analyst reports. Ventum Cap Mkts raised shares of enCore Energy to a “strong-buy” rating in a research report on Thursday, August 22nd. B. Riley reaffirmed a “buy” rating and issued a $6.00 price objective on shares of enCore Energy in a research report on Wednesday, May 15th. Finally, HC Wainwright lowered their price objective on shares of enCore Energy from $7.50 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

enCore Energy 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.