enCore Energy FY2024 EPS Estimate Reduced by HC Wainwright

enCore Energy Corp. (NASDAQ:EU) – Equities research analysts at HC Wainwright reduced their FY2024 earnings per share (EPS) estimates for enCore Energy in a research note issued to investors on Tuesday, November 19th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.20) per share for the year, down from their previous forecast of ($0.13). HC Wainwright currently has a “Buy” rating and a $7.00 target price on the stock. The consensus estimate for enCore Energy’s current full-year earnings is ($0.11) per share.

Separately, Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd.

enCore Energy Stock Performance

NASDAQ:EU opened at $3.95 on Thursday. The company has a market capitalization of $734.75 million, a PE ratio of -14.07 and a beta of 0.05. The company has a 50 day simple moving average of $3.94 and a two-hundred day simple moving average of $3.97. enCore Energy has a fifty-two week low of $3.02 and a fifty-two week high of $5.05.

Hedge Funds Weigh In On enCore Energy

Several large investors have recently bought and sold shares of EU. Rathbones Group PLC purchased a new stake in enCore Energy in the 2nd quarter worth about $39,000. Xponance Inc. purchased a new stake in enCore Energy in the 2nd quarter worth about $43,000. Sei Investments Co. purchased a new position in enCore Energy during the 2nd quarter valued at about $46,000. Virtu Financial LLC purchased a new position in enCore Energy during the 1st quarter valued at about $84,000. Finally, Principal Financial Group Inc. grew its holdings in enCore Energy by 19.6% during the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock valued at $88,000 after buying an additional 3,652 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors.

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.