LPL Financial LLC Purchases Shares of 16,350 enCore Energy Corp. (NASDAQ:EU)

LPL Financial LLC acquired a new position in enCore Energy Corp. (NASDAQ:EU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,350 shares of the company’s stock, valued at approximately $56,000.

A number of other large investors have also recently made changes to their positions in EU. Savant Capital LLC bought a new position in enCore Energy during the 4th quarter valued at approximately $36,000. Raymond James Financial Inc. purchased a new stake in shares of enCore Energy in the fourth quarter worth $38,000. Cibc World Markets Corp bought a new position in shares of enCore Energy during the fourth quarter valued at $58,000. Franklin Resources Inc. purchased a new position in shares of enCore Energy in the 3rd quarter worth about $60,000. Finally, Tidal Investments LLC boosted its stake in enCore Energy by 48.7% in the 3rd quarter. Tidal Investments LLC now owns 38,697 shares of the company’s stock worth $156,000 after purchasing an additional 12,672 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors.

Insider Transactions at enCore Energy

In other enCore Energy news, Chairman William M. Sheriff acquired 40,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price of $1.21 per share, for a total transaction of $48,400.00. Following the acquisition, the chairman now directly owns 2,310,055 shares in the company, valued at $2,795,166.55. The trade was a 1.76 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

enCore Energy Trading Up 2.6 %

NASDAQ EU opened at $1.55 on Friday. The stock has a market cap of $289.36 million, a price-to-earnings ratio of -5.54 and a beta of 1.27. enCore Energy Corp. has a 12 month low of $1.01 and a 12 month high of $5.05. The company’s 50 day moving average is $1.52 and its two-hundred day moving average is $2.81.

enCore Energy (NASDAQ:EU) last released its earnings results on Monday, March 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The company had revenue of $13.36 million during the quarter, compared to analysts’ expectations of $14.30 million. Sell-side analysts forecast that enCore Energy Corp. will post -0.2 EPS for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their price objective on shares of enCore Energy from $7.00 to $2.75 and set a “buy” rating for the company in a report on Tuesday, March 18th.

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.