MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $16.81 Million Position in enCore Energy Corp. $EU

by · The Markets Daily

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in enCore Energy Corp. (NASDAQ:EU – Free Report) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,805,568 shares of the company’s stock after selling 896,719 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 6.32% of enCore Energy worth $16,809,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of enCore Energy by 64.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company’s stock valued at $27,000 after acquiring an additional 7,461 shares during the period. Compound Planning Inc. bought a new stake in shares of enCore Energy in the first quarter valued at about $27,000. Virtu Financial LLC bought a new stake in shares of enCore Energy in the first quarter valued at about $35,000. Sovran Advisors LLC bought a new stake in shares of enCore Energy in the first quarter valued at about $36,000. Finally, Raymond James Financial Inc. bought a new stake in shares of enCore Energy in the fourth quarter valued at about $38,000. Institutional investors own 20.86% of the company’s stock.

Analysts Set New Price Targets

EU has been the subject of a number of analyst reports. Wall Street Zen raised enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday. B. Riley initiated coverage on enCore Energy in a research note on Wednesday, July 23rd. They issued a “buy” rating and a $4.00 price target for the company. Zacks Research raised enCore Energy to a “hold” rating in a research note on Tuesday, August 12th. Finally, HC Wainwright boosted their price target on enCore Energy from $2.75 to $4.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, enCore Energy currently has a consensus rating of “Buy” and an average price target of $4.00.

Get Our Latest Stock Report on enCore Energy

enCore Energy Trading Up 1.3%

Shares of NASDAQ EU opened at $2.36 on Tuesday. The company has a market cap of $441.56 million, a price-to-earnings ratio of -6.74 and a beta of 1.84. enCore Energy Corp. has a 12 month low of $1.01 and a 12 month high of $4.44. The stock has a 50-day moving average price of $2.67 and a two-hundred day moving average price of $2.08.

enCore Energy (NASDAQ:EU – Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.07) EPS for the quarter. The business had revenue of $3.66 million for the quarter. enCore Energy had a negative return on equity of 19.23% and a negative net margin of 143.28%. On average, sell-side analysts predict that enCore Energy Corp. will post -0.2 earnings per share for the current year.

About enCore Energy

(Free Report)

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.

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