HC Wainwright Reiterates “Buy” Rating for enCore Energy (NASDAQ:EU)

HC Wainwright reissued their buy rating on shares of enCore Energy (NASDAQ:EU) in a research note published on Tuesday morning,Benzinga reports. They currently have a $7.00 price objective on the stock. HC Wainwright also issued estimates for enCore Energy’s FY2024 earnings at ($0.20) EPS.

Separately, Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a research report on Thursday, August 22nd.

enCore Energy Price Performance

Shares of NASDAQ:EU opened at $3.85 on Tuesday. The business’s 50 day moving average price is $3.95 and its 200-day moving average price is $3.97. The firm has a market capitalization of $716.24 million, a PE ratio of -13.75 and a beta of 0.05. enCore Energy has a 1 year low of $3.02 and a 1 year high of $5.05.

Institutional Investors Weigh In On enCore Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new stake in enCore Energy in the first quarter valued at $459,000. ProShare Advisors LLC lifted its position in shares of enCore Energy by 20.9% during the 1st quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock valued at $129,000 after acquiring an additional 5,074 shares during the period. Vanguard Group Inc. increased its position in shares of 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 buying an additional 249,307 shares in the last quarter. American International Group Inc. grew its position in shares of enCore Energy by 10.4% in the first quarter. American International Group Inc. now owns 80,557 shares of the company’s stock valued at $353,000 after purchasing an additional 7,602 shares during the last quarter. Finally, Natixis acquired a new position in shares of enCore Energy in the first quarter worth $576,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

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.