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

enCore Energy (NASDAQ:EU)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a report released on Tuesday,Benzinga reports. They presently have a $7.00 target price on the stock. HC Wainwright’s price target suggests a potential upside of 85.19% from the stock’s current price.

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

enCore Energy Trading Up 5.3 %

Shares of EU stock opened at $3.78 on Tuesday. The stock has a 50 day simple moving average of $3.93 and a 200 day simple moving average of $3.98. enCore Energy has a 1 year low of $3.02 and a 1 year high of $5.05. The stock has a market cap of $703.23 million, a P/E ratio of -13.50 and a beta of 0.05.

Institutional Trading of enCore Energy

Hedge funds have recently added to or reduced their stakes in the business. Rathbones Group PLC purchased a new position in shares of enCore Energy in the second quarter valued at about $39,000. Xponance Inc. bought a new position in enCore Energy during the second quarter valued at approximately $43,000. Sei Investments Co. bought a new position in enCore Energy during the second quarter valued at approximately $46,000. Virtu Financial LLC bought a new position in enCore Energy in the first quarter worth approximately $84,000. Finally, Principal Financial Group Inc. raised its position in enCore Energy by 19.6% in the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after acquiring an additional 3,652 shares during the period. 20.86% of the stock is owned by institutional investors.

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.