FY2024 EPS Estimates for enCore Energy Cut by B. Riley

enCore Energy Corp. (NASDAQ:EU) – Investment analysts at B. Riley reduced their FY2024 EPS estimates for enCore Energy in a research report issued to clients and investors on Tuesday, November 19th. B. Riley analyst M. Key now anticipates that the company will earn ($0.20) per share for the year, down from their previous estimate of ($0.09). The consensus estimate for enCore Energy’s current full-year earnings is ($0.11) per share. B. Riley also issued estimates for enCore Energy’s Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at $0.16 EPS.

Several other analysts also recently commented on the stock. Ventum Cap Mkts raised shares of enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd. HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of enCore Energy in a report on Tuesday.

enCore Energy Stock Down 2.5 %

Shares of NASDAQ EU opened at $3.83 on Thursday. enCore Energy has a twelve month low of $3.02 and a twelve month high of $5.05. The company has a market cap of $712.53 million, a PE ratio of -13.68 and a beta of 0.05. The business’s 50 day moving average price is $3.94 and its two-hundred day moving average price is $3.97.

Hedge Funds Weigh In On enCore Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in enCore Energy by 37.0% in the 1st quarter. Vanguard Group Inc. now owns 922,691 shares of the company’s stock worth $4,041,000 after purchasing an additional 249,307 shares in the last quarter. Natixis bought a new position in shares of enCore Energy during the first quarter worth approximately $576,000. Van ECK Associates Corp raised its position in shares of enCore Energy by 89.3% in the third quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company’s stock valued at $9,762,000 after buying an additional 1,148,056 shares in the last quarter. Azarias Capital Management L.P. boosted its stake in shares of enCore Energy by 28.1% in the second quarter. Azarias Capital Management L.P. now owns 4,814,976 shares of the company’s stock valued at $20,590,000 after buying an additional 1,056,483 shares during the period. Finally, American Century Companies Inc. acquired a new stake in enCore Energy during the second quarter worth approximately $179,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

About enCore Energy

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.