enCore Energy Corp. (NASDAQ:EU) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of enCore Energy Corp. (NASDAQ:EU) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,228,776 shares of the company’s stock after purchasing an additional 25,637 shares during the period. Geode Capital Management LLC owned approximately 1.20% of enCore Energy worth $7,600,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EU. Savant Capital LLC purchased a new stake in shares of enCore Energy during the 4th quarter worth about $36,000. Raymond James Financial Inc. purchased a new stake in shares of enCore Energy during the fourth quarter worth about $38,000. LPL Financial LLC purchased a new position in shares of enCore Energy in the fourth quarter valued at approximately $56,000. Cibc World Markets Corp acquired a new stake in enCore Energy in the 4th quarter valued at about $58,000. Finally, Franklin Resources Inc. acquired a new position in shares of enCore Energy during the 3rd quarter valued at about $60,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

enCore Energy Stock Performance

Shares of EU stock opened at $1.61 on Friday. enCore Energy Corp. has a one year low of $1.01 and a one year high of $5.05. The firm’s 50 day moving average price is $1.63 and its 200-day moving average price is $2.90. The firm has a market cap of $300.56 million, a P/E ratio of -5.75 and a beta of 1.27.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings data on Monday, March 3rd. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The firm had revenue of $13.36 million during the quarter, compared to analyst estimates of $14.30 million. As a group, research analysts predict that enCore Energy Corp. will post -0.2 EPS for the current fiscal year.

Insider Transactions at enCore Energy

In related news, Chairman William M. Sheriff acquired 40,000 shares of the 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 transaction, the chairman now owns 2,310,055 shares in the company, valued at $2,795,166.55. This represents a 1.76 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Separately, HC Wainwright reduced their target price on enCore Energy from $7.00 to $2.75 and set a “buy” rating on the stock in a research report on Tuesday, March 18th.

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.