483,435 Shares in enCore Energy Corp. $EU Acquired by Nuveen LLC

Key Points

• Nuveen LLC has acquired 483,435 shares of enCore Energy Corp. valued at approximately $662,000, representing a 0.26% ownership stake as of their latest SEC filing.
• enCore Energy Corp. reported a quarterly loss of ($0.07) earnings per share with revenue of $3.66 million, while analysts predict a negative EPS of -0.2 for the current year.
• Brokerages like B. Riley and HC Wainwright have issued a "buy" rating for enCore Energy, with an average target stock price set at $4.00.

Nuveen LLC acquired a new position in enCore Energy Corp. (NASDAQ:EU - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 483,435 shares of the company's stock, valued at approximately $662,000. Nuveen LLC owned approximately 0.26% of enCore Energy at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of enCore Energy during the fourth quarter worth $38,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of enCore Energy by 64.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company's stock valued at $27,000 after buying an additional 7,461 shares during the period. Wellington Management Group LLP bought a new position in shares of enCore Energy during the 4th quarter worth approximately $69,000. Ameriprise Financial Inc. bought a new stake in enCore Energy during the 4th quarter valued at $73,000. Finally, Sovran Advisors LLC purchased a new position in enCore Energy in the first quarter worth $36,000. Institutional investors own 20.86% of the company's stock.

enCore Energy Price Performance

Shares of enCore Energy stock traded up $0.01 during trading on Monday, hitting $2.34. 1,080,962 shares of the stock were exchanged, compared to its average volume of 2,675,611. The stock has a market cap of $436.88 million, a price-to-earnings ratio of -6.64 and a beta of 1.84. enCore Energy Corp. has a 12-month low of $1.01 and a 12-month high of $4.44. The firm's 50-day moving average price is $2.68 and its 200 day moving average price is $2.09.

enCore Energy (NASDAQ:EU - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.07) earnings per share (EPS) for the quarter. enCore Energy had a negative return on equity of 19.23% and a negative net margin of 143.28%.The firm had revenue of $3.66 million for the quarter. As a group, research analysts forecast that enCore Energy Corp. will post -0.2 earnings per share for the current year.

Analyst Ratings Changes

EU has been the topic of several research reports. Zacks Research upgraded shares of enCore Energy to a "hold" rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of enCore Energy from a "sell" rating to a "hold" rating in a research note on Saturday. HC Wainwright raised their price objective on shares of enCore Energy from $2.75 to $4.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Finally, B. Riley began coverage on shares of enCore Energy in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $4.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, enCore Energy has a consensus rating of "Buy" and a consensus target price of $4.00.

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.