enCore Energy’s (EU) Buy Rating Reaffirmed at HC Wainwright

enCore Energy (NASDAQ:EU)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $7.00 price objective on the stock. HC Wainwright’s price objective would indicate a potential upside of 82.77% from the company’s previous close.

Separately, Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a research report on Thursday, August 22nd.

enCore Energy Stock Performance

Shares of EU opened at $3.83 on Tuesday. enCore Energy has a one year low of $3.02 and a one year high of $5.05. The stock has a market capitalization of $712.53 million, a price-to-earnings ratio of -13.68 and a beta of 0.05. The stock has a 50 day moving average price of $3.94 and a 200 day moving average price of $3.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EU. Janney Montgomery Scott LLC purchased a new stake in shares of enCore Energy during the 1st quarter valued at approximately $459,000. ProShare Advisors LLC increased its stake in enCore Energy by 20.9% during the first quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock worth $129,000 after acquiring an additional 5,074 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of enCore Energy by 37.0% in the 1st quarter. Vanguard Group Inc. now owns 922,691 shares of the company’s stock valued at $4,041,000 after purchasing an additional 249,307 shares during the last quarter. American International Group Inc. grew its holdings in shares of enCore Energy by 10.4% during the 1st quarter. American International Group Inc. now owns 80,557 shares of the company’s stock worth $353,000 after purchasing an additional 7,602 shares during the period. Finally, Natixis acquired a new stake in shares of enCore Energy during the 1st quarter worth about $576,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

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.