enCore Energy (NASDAQ:EU) Shares Gap Up to $3.66

Shares of enCore Energy Corp. (NASDAQ:EU) gapped up before the market opened on Monday . The stock had previously closed at $3.66, but opened at $3.74. enCore Energy shares last traded at $3.66, with a volume of 63,555 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EU shares. Ventum Cap Mkts raised enCore Energy to a “strong-buy” rating in a research note on Thursday, August 22nd. HC Wainwright decreased their target price on shares of enCore Energy from $7.50 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th.

enCore Energy Stock Performance

The stock’s 50 day simple moving average is $3.61 and its 200 day simple moving average is $4.07. The firm has a market cap of $641.73 million, a P/E ratio of -26.85 and a beta of -0.03.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $5.32 million during the quarter, compared to analysts’ expectations of $13.10 million. As a group, analysts forecast that enCore Energy Corp. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On enCore Energy

Several institutional investors have recently modified their holdings of EU. Goehring & Rozencwajg Associates LLC boosted its holdings in shares of enCore Energy by 3.9% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 905,195 shares of the company’s stock worth $3,557,000 after buying an additional 34,125 shares during the last quarter. GeoSphere Capital Management LLC grew its position in shares of enCore Energy by 7.7% during the 4th quarter. GeoSphere Capital Management LLC now owns 696,700 shares of the company’s stock valued at $2,738,000 after acquiring an additional 50,000 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of enCore Energy by 54.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 125,833 shares of the company’s stock worth $551,000 after purchasing an additional 44,312 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of enCore Energy in the 1st quarter worth approximately $83,000. Finally, Azarias Capital Management L.P. lifted its stake in enCore Energy by 232.0% in 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 during the last quarter. 20.86% of the stock is owned by institutional investors.

enCore Energy Company 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.