Price T Rowe Associates Inc. MD Acquires 11,328 Shares of enCore Energy Corp. (NASDAQ:EU)

Price T Rowe Associates Inc. MD lifted its holdings in enCore Energy Corp. (NASDAQ:EU) by 18.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,003 shares of the company’s stock after acquiring an additional 11,328 shares during the period. Price T Rowe Associates Inc. MD’s holdings in enCore Energy were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Savant Capital LLC bought a new stake in enCore Energy in the fourth quarter worth about $36,000. Raymond James Financial Inc. bought a new stake in enCore Energy in the fourth quarter worth about $38,000. Shakespeare Wealth Management LLC bought a new stake in enCore Energy in the fourth quarter worth about $52,000. LPL Financial LLC bought a new stake in enCore Energy in the fourth quarter worth about $56,000. Finally, Cibc World Markets Corp bought a new stake in enCore Energy in the fourth quarter worth about $58,000. Institutional investors own 20.86% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $2.75 price objective on shares of enCore Energy in a research note on Tuesday.

enCore Energy Price Performance

Shares of NASDAQ EU opened at $1.64 on Friday. The company has a market cap of $306.17 million, a P/E ratio of -5.86 and a beta of 1.19. enCore Energy Corp. has a 1 year low of $1.01 and a 1 year high of $4.96. The firm has a 50-day simple moving average of $1.46 and a two-hundred day simple moving average of $2.63.

enCore Energy (NASDAQ:EU) last issued its earnings results on Monday, May 12th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). The firm had revenue of $18.24 million for the quarter, compared to analyst estimates of $15.10 million. As a group, equities research analysts expect that enCore Energy Corp. will post -0.2 EPS for the current year.

Insider Transactions at enCore Energy

In related news, Chairman William M. Sheriff bought 40,000 shares of enCore Energy stock in a transaction dated Thursday, April 3rd. The shares were 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. The trade was a 1.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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.