Goehring & Rozencwajg Associates LLC Acquires 104,900 Shares of enCore Energy Corp. (NASDAQ:EU)

Goehring & Rozencwajg Associates LLC grew its position in shares of enCore Energy Corp. (NASDAQ:EU) by 10.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,082,548 shares of the company’s stock after buying an additional 104,900 shares during the quarter. Goehring & Rozencwajg Associates LLC owned 0.59% of enCore Energy worth $4,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of EU. GeoSphere Capital Management LLC lifted 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 worth $2,738,000 after buying an additional 50,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position 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 buying an additional 44,312 shares in 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. Azarias Capital Management L.P. raised its holdings in shares of enCore Energy by 232.0% in the 1st quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company’s stock worth $18,013,000 after purchasing an additional 2,626,395 shares during the period. Finally, Van ECK Associates Corp bought a new stake in shares of enCore Energy in the 1st quarter worth approximately $3,399,000. Institutional investors own 20.86% of the company’s stock.

enCore Energy Stock Down 2.8 %

enCore Energy stock opened at $3.48 on Thursday. The company has a market capitalization of $641.73 million, a PE ratio of -26.77 and a beta of -0.03. The firm has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $4.07. enCore Energy Corp. has a twelve month low of $2.94 and a twelve month high of $5.05.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $5.32 million for the quarter, compared to the consensus estimate of $13.10 million. As a group, equities analysts expect that enCore Energy Corp. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. HC Wainwright lowered their price target on shares of enCore Energy from $7.50 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a research note on Thursday, August 22nd.

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.