enCore Energy (NASDAQ:EU) Given Buy Rating at HC Wainwright

HC Wainwright reissued their buy rating on shares of enCore Energy (NASDAQ:EU) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $7.00 target price on the stock.

Separately, Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd.

enCore Energy Stock Up 4.0 %

NASDAQ:EU opened at $3.93 on Tuesday. The company’s 50 day moving average price is $3.94 and its 200-day moving average price is $3.97. enCore Energy has a 52 week low of $3.02 and a 52 week high of $5.05. The stock has a market cap of $731.14 million, a price-to-earnings ratio of -14.04 and a beta of 0.05.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in enCore Energy by 19.6% in the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after acquiring an additional 3,652 shares during the period. ProShare Advisors LLC raised its position in shares of enCore Energy by 20.9% during the 1st quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock valued at $129,000 after purchasing an additional 5,074 shares during the period. Arlington Capital Management Inc. raised its position in shares of enCore Energy by 2.6% during the 3rd quarter. Arlington Capital Management Inc. now owns 222,035 shares of the company’s stock valued at $897,000 after purchasing an additional 5,655 shares during the period. American International Group Inc. raised its position in shares of enCore Energy by 10.4% during the 1st quarter. American International Group Inc. now owns 80,557 shares of the company’s stock valued at $353,000 after purchasing an additional 7,602 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of enCore Energy by 23.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,585 shares of the company’s stock valued at $205,000 after purchasing an additional 8,954 shares during the period. 20.86% of the stock is currently owned by institutional investors.

About enCore Energy

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.