Capital Market Strategies LLC Makes New $68,000 Investment in enCore Energy Corp. $EU

Capital Market Strategies LLC acquired a new position in enCore Energy Corp. (NASDAQ:EU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,831 shares of the company’s stock, valued at approximately $68,000.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new position in enCore Energy in the 1st quarter worth $662,000. Wellington Management Group LLP bought a new position in enCore Energy in the 4th quarter worth $69,000. AWM Investment Company Inc. raised its holdings in enCore Energy by 118.1% in the 4th quarter. AWM Investment Company Inc. now owns 1,297,619 shares of the company’s stock worth $4,425,000 after purchasing an additional 702,619 shares in the last quarter. Bank of America Corp DE raised its holdings in enCore Energy by 9.4% in the 4th quarter. Bank of America Corp DE now owns 174,301 shares of the company’s stock worth $594,000 after purchasing an additional 14,934 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new position in enCore Energy in the 4th quarter worth $73,000. 20.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EU shares. Wall Street Zen raised shares of enCore Energy from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. B. Riley started coverage on shares of enCore Energy in a research report on Wednesday, July 23rd. They issued a “buy” rating and a $4.00 target price on the stock. HC Wainwright upped their target price on shares of enCore Energy from $2.75 to $4.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Finally, Zacks Research raised shares of enCore Energy to a “hold” rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $4.00.

enCore Energy Stock Performance

Shares of EU stock opened at $2.23 on Friday. enCore Energy Corp. has a one year low of $1.01 and a one year high of $4.44. The company’s 50-day moving average is $2.63 and its 200 day moving average is $2.08. The company has a market capitalization of $417.22 million, a price-to-earnings ratio of -6.37 and a beta of 1.84.

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

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.