Vanguard Group Inc. Grows Stock Position in enCore Energy Corp. (NASDAQ:EU)

Vanguard Group Inc. lifted its holdings in shares of enCore Energy Corp. (NASDAQ:EU) by 37.0% during the first quarter, Holdings Channel.com reports. The fund owned 922,691 shares of the company’s stock after acquiring an additional 249,307 shares during the period. Vanguard Group Inc.’s holdings in enCore Energy were worth $4,041,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EU. MMCAP International Inc. SPC purchased a new position in shares of enCore Energy in the first quarter worth about $11,055,000. ProShare Advisors LLC raised its stake 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 buying an additional 5,074 shares during the last quarter. Paradice Investment Management LLC lifted its holdings in shares of enCore Energy by 17.5% in the 1st quarter. Paradice Investment Management LLC now owns 71,314 shares of the company’s stock valued at $312,000 after buying an additional 10,600 shares during the period. Quantbot Technologies LP acquired a new position in enCore Energy in the first quarter valued at approximately $348,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of enCore Energy in the 1st quarter valued at $459,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EU shares. B. Riley reiterated a “buy” rating and set a $6.00 price target on shares of enCore Energy in a research report on Wednesday, May 15th. HC Wainwright reduced their target price on enCore Energy from $7.50 to $7.00 and set a “buy” rating for the company in a report on Thursday.

enCore Energy Trading Down 1.8 %

EU stock opened at $3.29 on Monday. The firm has a 50-day moving average of $3.85 and a two-hundred day moving average of $4.21. enCore Energy Corp. has a 12 month low of $2.17 and a 12 month high of $5.05. The company has a market cap of $606.69 million, a price-to-earnings ratio of -25.31 and a beta of -0.01.

enCore Energy (NASDAQ:EU) last posted 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 during the quarter, compared to analysts’ expectations of $13.10 million. As a group, equities analysts forecast that enCore Energy Corp. will post -0.05 earnings per share for the current year.

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.