Sprott Inc. Has $353,000 Holdings in enCore Energy Corp. $EU

Key Points

• Sprott Inc. has reduced its holdings in enCore Energy Corp. by 30.4%, resulting in ownership of 257,647 shares valued at approximately $353,000.
• Institutional investor activity has increased, with LPL Financial LLC acquiring a new position for $56,000 and Wells Fargo boosting its stake by 44.9%.
• enCore Energy's stock shows a market capitalization of $443.43 million and has fluctuated between a 1-year low of $1.01 and a 1-year high of $4.44.

Sprott Inc. decreased its position in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 30.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 257,647 shares of the company's stock after selling 112,673 shares during the period. Sprott Inc. owned about 0.14% of enCore Energy worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EU. LPL Financial LLC acquired a new position in enCore Energy during the 4th quarter worth $56,000. Geode Capital Management LLC lifted its stake in shares of enCore Energy by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,228,776 shares of the company's stock valued at $7,600,000 after acquiring an additional 25,637 shares during the period. Wells Fargo & Company MN boosted its holdings in enCore Energy by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 91,641 shares of the company's stock valued at $312,000 after acquiring an additional 28,392 shares during the last quarter. Legal & General Group Plc increased its position in enCore Energy by 17.7% in the fourth quarter. Legal & General Group Plc now owns 35,315 shares of the company's stock worth $120,000 after purchasing an additional 5,322 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in enCore Energy during the 4th quarter worth about $38,000. Institutional investors own 20.86% of the company's stock.

enCore Energy Price Performance

Shares of enCore Energy stock opened at $2.37 on Friday. The company has a market capitalization of $443.43 million, a P/E ratio of -6.77 and a beta of 1.85. The business has a 50-day moving average of $2.71 and a two-hundred day moving average of $2.13. enCore Energy Corp. has a 1 year low of $1.01 and a 1 year high of $4.44.

enCore Energy (NASDAQ:EU - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business 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 Analysts Forecast Growth

EU has been the topic of several recent research reports. B. Riley assumed coverage on shares of enCore Energy in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $4.00 target price on the stock. Zacks Research raised shares of enCore Energy to a "hold" rating in a research note on Tuesday, August 12th. 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 report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average 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.

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