enCore Energy (EU)

• Market cap: $606M
• 1 day: -3.25%
• 5 days: 0.62%
• 1 month: -14.62%
• 3 months: -14.17%
• 6 months: -18.05%
• Year to date: -15.50%
• 1 year: -14.62%
• 5 years: 19.78%
• 10 years: -84.72%

About: enCore Energy Corp together with its subsidiary, is engaged in the acquisition and exploration of resource properties. The holds a portfolio of uranium assets located in New Mexico, South Dakota, Wyoming, Texas, Utah, Colorado, and Arizona in the USA, and is advancing its properties with a focus on utilizing in-situ recovery. The company's material properties and projects are the Rosita Project located in Texas, the Alta Mesa Uranium project in Texas, the Crownpoint and Hosta Butte Uranium Project located in New Mexico, the Dewey Burdock Project located in South Dakota, and the Gas Hills Project located in Wyoming.

Employees: 21,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

189% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 9

108% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 24

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

16% more funds holding

Funds holding: 105 [Q2] → 122 (+17) [Q3]

13% more capital invested

Capital invested by funds: $227M [Q2] → $257M (+$29.1M) [Q3]

3.16% more ownership

Funds ownership: 31.56% [Q2] → 34.72% (+3.16%) [Q3]

39% less call options, than puts

Call options by funds: $602K | Put options by funds: $988K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $7 114% upside
• Avg. target: $7 114% upside
• High target: $7 114% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

HC Wainwright & Co. Heiko Ihle 44% 1-year accuracy 76 / 174 met price target

114% upside $7

Buy Reiterated

19 Nov 2024