XTX Topco Ltd Purchases 99,183 Shares of enCore Energy Corp. (NASDAQ:EU)

Key Points

• XTX Topco Ltd increased its stake in enCore Energy Corp. by 325.2% in the first quarter, acquiring an additional 99,183 shares, bringing its total to 129,683 shares worth approximately $178,000.
• enCore Energy's stock has dropped 0.4% recently, with a current price of $2.80 and a market capitalization of $523.88 million.
• Equities analysts have given enCore Energy a "buy" rating with target prices raised to $4.00, reflecting a positive outlook despite the company reporting a negative earnings per share of ($0.07) last quarter.

XTX Topco Ltd increased its stake in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 325.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 129,683 shares of the company's stock after purchasing an additional 99,183 shares during the period. XTX Topco Ltd owned 0.07% of enCore Energy worth $178,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Yaupon Capital Management LP bought a new position in shares of enCore Energy during the 4th quarter valued at about $3,415,000. AWM Investment Company Inc. raised its holdings in shares of enCore Energy by 118.1% during the 4th quarter. AWM Investment Company Inc. now owns 1,297,619 shares of the company's stock valued at $4,425,000 after buying an additional 702,619 shares in the last quarter. Mirabella Financial Services LLP purchased a new position in shares of enCore Energy during the 4th quarter valued at about $852,000. Regal Partners Ltd purchased a new position in shares of enCore Energy during the 4th quarter valued at about $791,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of enCore Energy by 1.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,702,287 shares of the company's stock valued at $42,839,000 after buying an additional 165,082 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors.

enCore Energy Stock Down 2.1%

NASDAQ:EU traded down $0.06 during mid-day trading on Friday, hitting $2.74. 1,223,009 shares of the company traded hands, compared to its average volume of 2,217,299. The stock's fifty day moving average price is $2.68 and its 200-day moving average price is $2.15. enCore Energy Corp. has a one year low of $1.01 and a one year high of $4.44. The firm has a market cap of $512.65 million, a price-to-earnings ratio of -7.83 and a beta of 1.85.

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

Wall Street Analysts Forecast Growth

EU has been the topic of several recent research reports. Zacks Research upgraded enCore Energy to a "hold" rating in a research report on Tuesday, August 12th. HC Wainwright raised their price target on enCore Energy from $2.75 to $4.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Finally, B. Riley initiated coverage on enCore Energy in a research report on Wednesday, July 23rd. They set a "buy" rating and a $4.00 price target on the stock.

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.