MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,702,287 shares of the company's stock after buying an additional 165,082 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 6.82% of enCore Energy worth $42,839,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in EU. Azarias Capital Management L.P. increased its position in shares of enCore Energy by 6.8% in the 4th quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company's stock valued at $18,230,000 after purchasing an additional 342,657 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of enCore Energy by 79.8% during the fourth quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company's stock worth $14,929,000 after purchasing an additional 1,943,731 shares in the last quarter. Invesco Ltd. grew its stake in shares of enCore Energy by 3.9% during the fourth quarter. Invesco Ltd. now owns 3,873,993 shares of the company's stock worth $13,210,000 after purchasing an additional 145,459 shares in the last quarter. MMCAP International Inc. SPC grew its stake in shares of enCore Energy by 64.2% during the fourth quarter. MMCAP International Inc. SPC now owns 2,301,509 shares of the company's stock worth $7,848,000 after purchasing an additional 899,901 shares in the last quarter. Finally, Geode Capital Management LLC grew 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 worth $7,600,000 after purchasing an additional 25,637 shares in the last quarter. 20.86% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at enCore Energy
In other enCore Energy news, Chairman William M. Sheriff bought 40,000 shares of enCore Energy stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average cost of $1.21 per share, with a total value of $48,400.00. Following the completion of the acquisition, the chairman now owns 2,310,055 shares of the company's stock, valued at approximately $2,795,166.55. This represents a 1.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
enCore Energy Trading Down 5.2%
Shares of EU stock traded down $0.09 on Friday, reaching $1.64. 2,306,596 shares of the stock were exchanged, compared to its average volume of 1,551,221. The business's 50 day moving average price is $1.46 and its 200 day moving average price is $2.63. The company has a market capitalization of $306.17 million, a price-to-earnings ratio of -5.86 and a beta of 1.19. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.96.
enCore Energy (NASDAQ:EU - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06). The company had revenue of $18.24 million for the quarter, compared to analysts' expectations of $15.10 million. Equities research analysts forecast that enCore Energy Corp. will post -0.2 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, HC Wainwright reiterated a "buy" rating and set a $2.75 target price on shares of enCore Energy in a research note on Tuesday.
Check Out Our Latest Report on EU
About enCore Energy
(
Free Report)
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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