enCore Energy's (EU) "Buy" Rating Reaffirmed at HC Wainwright

enCore Energy (NASDAQ:EU - Get Free Report)'s stock had its "buy" rating reaffirmed by HC Wainwright in a report issued on Tuesday,Benzinga reports. They currently have a $7.00 price target on the stock. HC Wainwright's price objective would indicate a potential upside of 79.03% from the company's previous close.

Separately, Ventum Cap Mkts raised enCore Energy to a "strong-buy" rating in a report on Thursday, August 22nd.

enCore Energy Stock Up 3.4 %

EU traded up $0.13 during trading on Tuesday, hitting $3.91. The company's stock had a trading volume of 918,370 shares, compared to its average volume of 1,220,093. The firm's 50 day moving average price is $3.93 and its two-hundred day moving average price is $3.98. The stock has a market capitalization of $727.42 million, a price-to-earnings ratio of -13.50 and a beta of 0.05. enCore Energy has a 12 month low of $3.02 and a 12 month high of $5.05.

Institutional Investors Weigh In On enCore Energy

Several large investors have recently modified their holdings of EU. Vanguard Group Inc. boosted its holdings 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 during the period. Natixis bought a new position in enCore Energy during the 1st quarter worth about $576,000. Van ECK Associates Corp raised its stake in shares of enCore Energy by 89.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company's stock valued at $9,762,000 after purchasing an additional 1,148,056 shares during the period. Azarias Capital Management L.P. lifted its holdings in shares of enCore Energy by 28.1% in the second quarter. Azarias Capital Management L.P. now owns 4,814,976 shares of the company's stock valued at $20,590,000 after purchasing an additional 1,056,483 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of enCore Energy during the second quarter worth about $179,000. 20.86% of the stock is currently owned by institutional investors.

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.