Sprott Inc. Acquires 333,027 Shares of enCore Energy Corp. (NASDAQ:EU)

Sprott Inc. grew its stake in enCore Energy Corp. (NASDAQ:EU) by 893.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 370,320 shares of the company’s stock after purchasing an additional 333,027 shares during the period. Sprott Inc.’s holdings in enCore Energy were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of enCore Energy by 3.6% in the 4th quarter. Bank of New York Mellon Corp now owns 483,869 shares of the company’s stock worth $1,650,000 after purchasing an additional 16,869 shares during the last quarter. Vontobel Holding Ltd. boosted its position in enCore Energy by 84.1% in the fourth quarter. Vontobel Holding Ltd. now owns 104,158 shares of the company’s stock valued at $351,000 after buying an additional 47,584 shares in the last quarter. Azarias Capital Management L.P. grew its stake in enCore Energy by 6.8% during the fourth quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company’s stock worth $18,230,000 after buying an additional 342,657 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of enCore Energy by 79.8% during the fourth quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company’s stock worth $14,929,000 after buying an additional 1,943,731 shares in the last quarter. Finally, Savant Capital LLC bought a new position in shares of enCore Energy in the fourth quarter valued at approximately $36,000. 20.86% of the stock is owned by institutional investors and hedge funds.

enCore Energy Stock Down 2.7 %

enCore Energy stock opened at $2.48 on Wednesday. enCore Energy Corp. has a 12-month low of $2.46 and a 12-month high of $5.05. The stock has a 50-day simple moving average of $3.23 and a 200 day simple moving average of $3.55. The stock has a market capitalization of $461.70 million, a price-to-earnings ratio of -8.86 and a beta of 0.12.

Insiders Place Their Bets

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

Analyst Ratings Changes

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

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.