Geode Capital Management LLC Grows Stake in enCore Energy Corp. (NASDAQ:EU)

Geode Capital Management LLC lifted its stake in shares of enCore Energy Corp. (NASDAQ:EU) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,203,139 shares of the company’s stock after purchasing an additional 24,786 shares during the period. Geode Capital Management LLC owned 1.18% of enCore Energy worth $8,901,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Rathbones Group PLC bought a new stake in shares of enCore Energy in the second quarter valued at approximately $39,000. Xponance Inc. purchased a new position in enCore Energy in the 2nd quarter valued at approximately $43,000. Sei Investments Co. bought a new stake in enCore Energy during the 2nd quarter valued at $46,000. Principal Financial Group Inc. raised its holdings in enCore Energy by 19.6% during the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock valued at $88,000 after acquiring an additional 3,652 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in shares of enCore Energy during the third quarter worth $96,000. Institutional investors own 20.86% of the company’s stock.

enCore Energy Trading Up 0.9 %

EU stock opened at $3.41 on Thursday. The firm has a 50 day moving average of $3.62 and a 200-day moving average of $3.75. The firm has a market capitalization of $634.65 million, a P/E ratio of -12.18 and a beta of -0.04. enCore Energy Corp. has a 12 month low of $3.02 and a 12 month high of $5.05.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $7.00 price target on shares of enCore Energy in a research report on Tuesday, November 19th.

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.