Van ECK Associates Corp Acquires 1,943,731 Shares of enCore Energy Corp. (NASDAQ:EU)

Van ECK Associates Corp lifted its holdings in shares of enCore Energy Corp. (NASDAQ:EU) by 79.8% in the 4th quarter, HoldingsChannel reports. The fund owned 4,378,073 shares of the company’s stock after purchasing an additional 1,943,731 shares during the period. Van ECK Associates Corp’s holdings in enCore Energy were worth $14,929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC bought a new position in enCore Energy during the 4th quarter valued at $36,000. Franklin Resources Inc. bought a new position in shares of enCore Energy during the third quarter valued at about $60,000. Verition Fund Management LLC purchased a new position in enCore Energy during the third quarter worth about $96,000. Intech Investment Management LLC purchased a new stake in enCore Energy in the 3rd quarter valued at about $110,000. Finally, Sanctuary Advisors LLC bought a new position in shares of enCore Energy during the 3rd quarter worth approximately $128,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at enCore Energy

In other enCore Energy news, Chairman William M. Sheriff sold 24,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.20, for a total transaction of $76,800.00. Following the completion of the transaction, the chairman now owns 2,120,055 shares in the company, valued at $6,784,176. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

enCore Energy Stock Performance

NASDAQ EU opened at $2.80 on Friday. The company has a market capitalization of $521.12 million, a PE ratio of -10.00 and a beta of 0.12. enCore Energy Corp. has a 52-week low of $2.78 and a 52-week high of $5.05. The company has a 50-day simple moving average of $3.32 and a 200 day simple moving average of $3.58.

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.