2,171,497 Shares in enCore Energy Corp. $EU Bought by Boundary Creek Advisors LP

Key Points

• Boundary Creek Advisors LP acquired 2,171,497 shares of enCore Energy Corp., valued at approximately $2.9 million, making it the fund's 12th largest holding.
• Analysts have set a consensus rating of "Buy" for enCore Energy, with a price target of $4.00, as several institutions recently increased their stakes in the company.
• enCore Energy reported a quarterly revenue of $3.66 million but had a negative EPS of ($0.07) and a return on equity of -19.23%.

Boundary Creek Advisors LP bought a new position in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,171,497 shares of the company's stock, valued at approximately $2,898,000. enCore Energy accounts for approximately 0.8% of Boundary Creek Advisors LP's investment portfolio, making the stock its 12th largest holding. Boundary Creek Advisors LP owned 1.16% of enCore Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in enCore Energy by 1.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,702,287 shares of the company's stock worth $42,839,000 after purchasing an additional 165,082 shares during the period. MMCAP International Inc. SPC lifted its position in enCore Energy by 66.0% in the first quarter. MMCAP International Inc. SPC now owns 3,819,501 shares of the company's stock worth $5,232,000 after purchasing an additional 1,517,992 shares during the period. Vident Advisory LLC lifted its position in enCore Energy by 21.8% in the first quarter. Vident Advisory LLC now owns 2,387,194 shares of the company's stock worth $3,185,000 after purchasing an additional 427,019 shares during the period. AWM Investment Company Inc. grew its stake in shares of enCore Energy by 118.1% in the 4th quarter. AWM Investment Company Inc. now owns 1,297,619 shares of the company's stock worth $4,425,000 after purchasing an additional 702,619 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its stake in shares of enCore Energy by 2.2% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,161,923 shares of the company's stock worth $1,592,000 after purchasing an additional 25,402 shares during the last quarter. 20.86% of the stock is owned by institutional investors and hedge funds.

enCore Energy Trading Up 1.7%

Shares of NASDAQ:EU traded up $0.04 during mid-day trading on Wednesday, reaching $2.34. The stock had a trading volume of 2,569,087 shares, compared to its average volume of 2,682,972. The firm has a market cap of $437.80 million, a PE ratio of -6.69 and a beta of 1.84. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.44. The firm has a 50 day simple moving average of $2.66 and a two-hundred day simple moving average of $2.09.

enCore Energy (NASDAQ:EU - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.07) EPS for the quarter. The company had revenue of $3.66 million during the quarter. enCore Energy had a negative net margin of 143.28% and a negative return on equity of 19.23%. On average, equities analysts anticipate that enCore Energy Corp. will post -0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on EU shares. Zacks Research upgraded shares of enCore Energy to a "hold" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of enCore Energy from a "sell" rating to a "hold" rating in a report on Saturday. B. Riley started coverage on shares of enCore Energy in a report on Wednesday, July 23rd. They set a "buy" rating and a $4.00 price target for the company. Finally, HC Wainwright raised their price target on shares of enCore Energy from $2.75 to $4.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $4.00.

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.