XTX Topco Ltd Purchases 99,183 Shares of enCore Energy Corp. (NASDAQ:EU)

XTX Topco Ltd raised its position in enCore Energy Corp. (NASDAQ:EU) by 325.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,683 shares of the company’s stock after buying an additional 99,183 shares during the quarter. XTX Topco Ltd owned about 0.07% of enCore Energy worth $178,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EU. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in enCore Energy by 64.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company’s stock valued at $27,000 after buying an additional 7,461 shares in the last quarter. Sovran Advisors LLC bought a new position in shares of enCore Energy in the first quarter worth $36,000. Raymond James Financial Inc. purchased a new position in shares of enCore Energy in the fourth quarter valued at $38,000. LPL Financial LLC bought a new stake in shares of enCore Energy during the 4th quarter valued at $56,000. Finally, Wellington Management Group LLP purchased a new stake in enCore Energy during the 4th quarter worth about $69,000. 20.86% of the stock is currently owned by institutional investors.

enCore Energy Stock Down 0.4%

Shares of EU stock opened at $2.80 on Thursday. The stock has a fifty day moving average of $2.66 and a 200 day moving average of $2.17. The firm has a market capitalization of $523.88 million, a price-to-earnings ratio of -8.00 and a beta of 1.85. enCore Energy Corp. has a 52 week low of $1.01 and a 52 week high of $4.44.

enCore Energy (NASDAQ:EU) last posted its earnings results on Monday, August 11th. The company reported ($0.07) earnings per share for the quarter. enCore Energy had a negative return on equity of 19.23% and a negative net margin of 143.28%. The firm had revenue of $3.66 million for the quarter. Equities research analysts anticipate that enCore Energy Corp. will post -0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EU shares. B. Riley initiated coverage on enCore Energy in a research note on Wednesday, July 23rd. They issued a “buy” rating and a $4.00 target price on the stock. HC Wainwright upped their price objective on shares of enCore Energy from $2.75 to $4.00 and gave the stock a “buy” rating in a research report on Tuesday.

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.