Investment analysts at HC Wainwright began coverage on shares of enCore Energy (NASDAQ:EU – Get Free Report) in a report issued on Monday, Marketbeat reports. The firm set a “buy” rating and a $7.50 price target on the stock. HC Wainwright’s price target indicates a potential upside of 55.60% from the stock’s current price.
Separately, B. Riley assumed coverage on enCore Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $6.00 price objective on the stock.
Check Out Our Latest Stock Analysis on EU
enCore Energy Stock Performance
enCore Energy (NASDAQ:EU – Get Free Report) last released its quarterly earnings data on Thursday, March 28th. The company reported ($0.09) earnings per share (EPS) for the quarter. Analysts forecast that enCore Energy will post 0.17 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in enCore Energy during the first quarter valued at $83,000. Paradice Investment Management LLC acquired a new stake in enCore Energy during the fourth quarter worth approximately $239,000. Janney Montgomery Scott LLC acquired a new position in enCore Energy in the first quarter valued at approximately $459,000. Wealth Enhancement Advisory Services LLC boosted its holdings 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. Finally, Arlington Capital Management Inc. acquired a new stake in shares of enCore Energy during the 4th quarter worth approximately $853,000. 20.86% of the stock is owned by institutional investors and hedge funds.
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.
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