enCore Energy Corp. (NASDAQ:EU - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $4.40, but opened at $4.27. enCore Energy shares last traded at $4.26, with a volume of 602,603 shares.
Analyst Ratings Changes
EU has been the topic of a number of recent research reports. HC Wainwright restated a "buy" rating and issued a $7.00 price objective on shares of enCore Energy in a report on Monday, October 7th. Ventum Cap Mkts upgraded enCore Energy to a "strong-buy" rating in a research note on Thursday, August 22nd.
Read Our Latest Report on EU
enCore Energy Stock Performance
The stock has a fifty day simple moving average of $3.75 and a 200 day simple moving average of $4.06. The firm has a market cap of $792.94 million, a P/E ratio of -33.08 and a beta of -0.02.
enCore Energy (NASDAQ:EU - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). The firm had revenue of $5.32 million for the quarter, compared to analysts' expectations of $13.10 million. Research analysts predict that enCore Energy Corp. will post -0.11 earnings per share for the current year.
Hedge Funds Weigh In On enCore Energy
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Azarias Capital Management L.P. lifted its position in enCore Energy by 232.0% during the first quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company's stock valued at $18,013,000 after purchasing an additional 2,626,395 shares in the last quarter. MMCAP International Inc. SPC purchased a new stake in enCore Energy in the 1st quarter worth approximately $11,055,000. Van ECK Associates Corp bought a new stake in enCore Energy during the 1st quarter worth approximately $3,399,000. Vident Advisory LLC lifted its holdings in enCore Energy by 21.3% during the first quarter. Vident Advisory LLC now owns 1,575,173 shares of the company's stock valued at $6,693,000 after purchasing an additional 276,211 shares in the last quarter. Finally, Vanguard Group Inc. boosted 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 worth $4,041,000 after purchasing an additional 249,307 shares during the period. Hedge funds and other institutional investors own 20.86% of the company's stock.
enCore Energy Company Profile
(
Get Free Report)
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.
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