Van ECK Associates Corp Increases Position in enCore Energy Corp. (NASDAQ:EU)

Van ECK Associates Corp raised its holdings in enCore Energy Corp. (NASDAQ:EU - Free Report) by 89.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,434,342 shares of the company's stock after acquiring an additional 1,148,056 shares during the quarter. Van ECK Associates Corp owned 1.31% of enCore Energy worth $9,762,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Rathbones Group PLC purchased a new position in enCore Energy in the 2nd quarter worth approximately $39,000. Xponance Inc. bought a new stake in shares of enCore Energy during the 2nd quarter worth $43,000. Sei Investments Co. acquired a new stake in shares of enCore Energy during the second quarter valued at approximately $46,000. Virtu Financial LLC acquired a new position in shares of enCore Energy in the 1st quarter valued at about $84,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in enCore Energy during the first quarter valued at $83,000. Hedge funds and other institutional investors own 20.86% of the company's stock.

enCore Energy Price Performance

Shares of NASDAQ:EU traded up $0.06 during midday trading on Thursday, hitting $3.77. 721,269 shares of the company's stock were exchanged, compared to its average volume of 1,215,349. The stock has a 50 day moving average price of $3.87 and a 200-day moving average price of $4.03. enCore Energy Corp. has a 12 month low of $3.02 and a 12 month high of $5.05. The company has a market cap of $701.14 million, a PE ratio of -30.91 and a beta of 0.05.

enCore Energy (NASDAQ:EU - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). The company had revenue of $5.32 million during the quarter, compared to the consensus estimate of $13.10 million. On average, analysts anticipate that enCore Energy Corp. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EU shares. HC Wainwright restated a "buy" rating and set a $7.00 target price on shares of enCore Energy in a research report on Monday, October 7th. Ventum Cap Mkts raised shares of enCore Energy to a "strong-buy" rating in a research note on Thursday, August 22nd.

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.