Franklin Resources Inc. Makes New $60,000 Investment in enCore Energy Corp. (NASDAQ:EU)

Franklin Resources Inc. acquired a new position in enCore Energy Corp. (NASDAQ:EU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,872 shares of the company’s stock, valued at approximately $60,000.

Several other institutional investors have also bought and sold shares of EU. Tidal Investments LLC boosted its holdings in shares of enCore Energy by 48.7% in the 3rd quarter. Tidal Investments LLC now owns 38,697 shares of the company’s stock worth $156,000 after buying an additional 12,672 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of enCore Energy during the 3rd quarter valued at approximately $128,000. Geode Capital Management LLC grew its position in shares of enCore Energy by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock valued at $8,901,000 after acquiring an additional 24,786 shares during the period. National Bank of Canada FI bought a new stake in shares of enCore Energy in the 3rd quarter worth approximately $832,000. Finally, State Street Corp raised its holdings in shares of enCore Energy by 3.5% in the 3rd quarter. State Street Corp now owns 3,085,686 shares of the company’s stock worth $12,466,000 after purchasing an additional 105,685 shares during the period. Institutional investors own 20.86% of the company’s stock.

Analyst Ratings Changes

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

enCore Energy Price Performance

enCore Energy stock opened at $3.70 on Friday. The business has a fifty day moving average price of $3.61 and a 200-day moving average price of $3.75. The firm has a market capitalization of $688.63 million, a P/E ratio of -13.21 and a beta of -0.04. enCore Energy Corp. has a one year low of $3.02 and a one year high of $5.05.

enCore Energy 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.