Van ECK Associates Corp Has $14.93 Million Holdings in enCore Energy Corp. (NASDAQ:EU)

Van ECK Associates Corp increased its position in shares of enCore Energy Corp. (NASDAQ:EUFree Report) by 79.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,378,073 shares of the company’s stock after acquiring an additional 1,943,731 shares during the period. Van ECK Associates Corp owned about 2.35% of enCore Energy worth $14,929,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI acquired a new position in shares of enCore Energy during the third quarter worth $832,000. State Street Corp lifted its holdings in enCore Energy by 3.5% during the 3rd quarter. State Street Corp now owns 3,085,686 shares of the company’s stock worth $12,466,000 after buying an additional 105,685 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of enCore Energy in the 3rd quarter valued at about $128,000. Intech Investment Management LLC acquired a new stake in shares of enCore Energy in the third quarter valued at about $110,000. Finally, Geode Capital Management LLC raised its position in shares of enCore Energy by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock worth $8,901,000 after acquiring an additional 24,786 shares during the last quarter. Institutional investors and hedge funds own 20.86% of the company’s stock.

enCore Energy Trading Down 2.4 %

EU stock opened at $2.80 on Friday. The firm has a market cap of $521.12 million, a PE ratio of -10.00 and a beta of 0.12. The stock has a 50-day moving average price of $3.32 and a 200-day moving average price of $3.58. enCore Energy Corp. has a 1-year low of $2.78 and a 1-year high of $5.05.

Insiders Place Their Bets

In other news, Director William M. Sheriff sold 24,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $3.55, for a total value of $85,200.00. Following the completion of the sale, the director now directly owns 2,144,055 shares in the company, valued at $7,611,395.25. This trade represents a 1.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a $7.00 target price on shares of enCore Energy in a research report on Tuesday, November 19th.

Get Our Latest Stock Analysis on EU

enCore Energy Profile

(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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Institutional Ownership by Quarter for enCore Energy (NASDAQ:EU)

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