Bank of New York Mellon Corp Boosts Stake in enCore Energy Corp. (NASDAQ:EU)

Bank of New York Mellon Corp grew its position in shares of enCore Energy Corp. (NASDAQ:EU) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 483,869 shares of the company’s stock after acquiring an additional 16,869 shares during the period. Bank of New York Mellon Corp owned about 0.26% of enCore Energy worth $1,650,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of enCore Energy by 79.8% in the 4th quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company’s stock worth $14,929,000 after buying an additional 1,943,731 shares during the last quarter. Azarias Capital Management L.P. grew its stake in shares of enCore Energy by 6.8% in the 4th quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company’s stock worth $18,230,000 after buying an additional 342,657 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of enCore Energy in the 3rd quarter worth approximately $832,000. State Street Corp grew its stake 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 buying an additional 105,685 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of enCore Energy by 84.1% in the 4th quarter. Vontobel Holding Ltd. now owns 104,158 shares of the company’s stock worth $351,000 after buying an additional 47,584 shares during the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright cut their target price on enCore Energy from $7.00 to $2.75 and set a “buy” rating on the stock in a research note on Tuesday, March 18th.

enCore Energy Trading Down 0.6 %

Shares of EU opened at $1.65 on Friday. The business’s fifty day simple moving average is $2.61 and its two-hundred day simple moving average is $3.34. enCore Energy Corp. has a 12 month low of $1.26 and a 12 month high of $5.05. The company has a market cap of $307.33 million, a price-to-earnings ratio of -5.89 and a beta of 0.38.

enCore Energy (NASDAQ:EU) last issued its earnings results on Monday, March 3rd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The business had revenue of $13.36 million during the quarter, compared to analyst estimates of $14.30 million. As a group, research analysts forecast that enCore Energy Corp. will post -0.2 EPS for the current year.

Insider Buying and Selling at enCore Energy

In other news, Director William M. Sheriff sold 24,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $3.55, for a total transaction of $85,200.00. Following the transaction, the director now directly owns 2,144,055 shares of the company’s stock, valued at $7,611,395.25. This represents a 1.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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.