enCore Energy Corp. (NASDAQ:EU) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. trimmed its stake in shares of enCore Energy Corp. (NASDAQ:EU) by 33.3% in the third quarter, Holdings Channel reports. The fund owned 100,000 shares of the company’s stock after selling 50,000 shares during the period. U S Global Investors Inc.’s holdings in enCore Energy were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in EU. SG Americas Securities LLC raised its stake in shares of enCore Energy by 93.4% during the 3rd quarter. SG Americas Securities LLC now owns 103,048 shares of the company’s stock worth $416,000 after buying an additional 49,768 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in enCore Energy by 10.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 143,895 shares of the company’s stock valued at $567,000 after purchasing an additional 13,908 shares in the last quarter. Squarepoint Ops LLC increased its stake in enCore Energy by 43.3% in the 2nd quarter. Squarepoint Ops LLC now owns 123,603 shares of the company’s stock valued at $487,000 after purchasing an additional 37,377 shares in the last quarter. Xponance Inc. purchased a new position in enCore Energy during the second quarter worth $43,000. Finally, Sei Investments Co. purchased a new position in enCore Energy during the second quarter worth $46,000. 20.86% of the stock is owned by institutional investors and hedge funds.

enCore Energy Stock Performance

Shares of NASDAQ EU traded down $0.09 during midday trading on Tuesday, reaching $4.21. 62,603 shares of the company’s stock were exchanged, compared to its average volume of 1,224,806. enCore Energy Corp. has a 52-week low of $2.98 and a 52-week high of $5.05. The stock has a market capitalization of $776.34 million, a PE ratio of -33.08 and a beta of -0.02. The business’s fifty day moving average price is $3.75 and its two-hundred day moving average price is $4.06.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $5.32 million during the quarter, compared to analysts’ expectations of $13.10 million. Analysts predict that enCore Energy Corp. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EU. HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of enCore Energy in a report on Monday, October 7th. Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd.

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.