Charles Schwab Investment Management Inc. Purchases 15,740 Shares of enCore Energy Corp. (NASDAQ:EU)

Charles Schwab Investment Management Inc. lifted its holdings in shares of enCore Energy Corp. (NASDAQ:EU) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 437,297 shares of the company’s stock after purchasing an additional 15,740 shares during the period. Charles Schwab Investment Management Inc.’s holdings in enCore Energy were worth $1,767,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rathbones Group PLC bought a new stake in shares of enCore Energy in the second quarter worth about $39,000. Xponance Inc. purchased a new stake in enCore Energy in the 2nd quarter worth approximately $43,000. Sei Investments Co. bought a new stake in shares of enCore Energy in the 2nd quarter worth approximately $46,000. Principal Financial Group Inc. increased its stake 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 buying an additional 3,652 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of enCore Energy during the third quarter valued at approximately $110,000. Institutional investors own 20.86% of the company’s stock.

enCore Energy Stock Performance

EU stock opened at $3.21 on Tuesday. The business’s 50 day moving average price is $3.80 and its two-hundred day moving average price is $3.82. The company has a market capitalization of $597.38 million, a price-to-earnings ratio of -11.46 and a beta of -0.04. enCore Energy Corp. has a fifty-two week low of $3.02 and a fifty-two week high of $5.05.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EU. Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 target price on shares of enCore Energy in a research report on Tuesday, November 19th.

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.