MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $16.81 Million Stock Position in enCore Energy Corp. $EU

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in enCore Energy Corp. by **7.1%**, selling **896,719 shares**, which left them with **11,805,568 shares** valued at approximately **$16.8 million**.
• enCore Energy has a current market capitalization of **$437.81 million**, with stock prices remaining stable at **$2.34**, and it has a one-year trading range between **$1.01 and $4.44**.
• Equities analysts have set a **consensus target price of $4.00** for enCore Energy, with ratings including one **Strong Buy**, one **Buy**, and one **Hold**.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in enCore Energy Corp. (NASDAQ:EU - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,805,568 shares of the company's stock after selling 896,719 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 6.32% of enCore Energy worth $16,809,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EU. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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. NFP Retirement Inc. increased its stake in enCore Energy by 35.7% in the first quarter. NFP Retirement Inc. now owns 38,000 shares of the company's stock valued at $52,000 after purchasing an additional 10,000 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of enCore Energy in the fourth quarter valued at about $38,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of enCore Energy by 18.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 72,003 shares of the company's stock valued at $246,000 after acquiring an additional 11,328 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in enCore Energy by 9.4% during the fourth quarter. Bank of America Corp DE now owns 174,301 shares of the company's stock worth $594,000 after buying an additional 14,934 shares in the last quarter. Hedge funds and other institutional investors own 20.86% of the company's stock.

enCore Energy Price Performance

Shares of EU stock traded down $0.11 during trading hours on Friday, reaching $2.23. The stock had a trading volume of 2,167,310 shares, compared to its average volume of 4,614,287. The firm has a market capitalization of $417.23 million, a PE ratio of -6.37 and a beta of 1.84. The firm has a 50-day simple moving average of $2.63 and a 200-day simple moving average of $2.08. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.44.

enCore Energy (NASDAQ:EU - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.07) EPS for the quarter. The company had revenue of $3.66 million for 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 earnings per share for the current year.

Wall Street Analyst Weigh In

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

enCore Energy 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.