HC Wainwright Decreases Earnings Estimates for enCore Energy

enCore Energy Corp. (NASDAQ:EU) – Equities research analysts at HC Wainwright cut their FY2025 earnings per share (EPS) estimates for enCore Energy in a research note issued on Tuesday, March 18th. HC Wainwright analyst H. Ihle now expects that the company will earn ($0.33) per share for the year, down from their previous estimate of $0.06. HC Wainwright has a “Buy” rating and a $2.75 price target on the stock. The consensus estimate for enCore Energy’s current full-year earnings is ($0.20) per share.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings results on Monday, March 3rd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The firm had revenue of $13.36 million during the quarter, compared to analysts’ expectations of $14.30 million.

enCore Energy Stock Down 0.6 %

EU opened at $1.65 on Thursday. The company has a market capitalization of $307.33 million, a price-to-earnings ratio of -5.89 and a beta of 0.38. The firm has a 50-day moving average price of $2.61 and a 200-day moving average price of $3.34. enCore Energy has a twelve month low of $1.26 and a twelve month high of $5.05.

Hedge Funds Weigh In On enCore Energy

Several hedge funds have recently bought and sold shares of EU. JPMorgan Chase & Co. lifted its stake in enCore Energy by 6.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,173 shares of the company’s stock worth $328,000 after purchasing an additional 5,067 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of enCore Energy by 17.7% in the fourth quarter. Legal & General Group Plc now owns 35,315 shares of the company’s stock worth $120,000 after purchasing an additional 5,322 shares during the period. NFP Retirement Inc. increased its holdings in shares of enCore Energy by 27.3% in the fourth quarter. NFP Retirement Inc. now owns 28,000 shares of the company’s stock worth $95,000 after purchasing an additional 6,000 shares during the period. MetLife Investment Management LLC raised its position in shares of enCore Energy by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 112,175 shares of the company’s stock worth $383,000 after buying an additional 7,532 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in enCore Energy by 10.2% during the fourth quarter. SG Americas Securities LLC now owns 113,517 shares of the company’s stock valued at $387,000 after buying an additional 10,469 shares during the period. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Insider Activity at enCore Energy

In other news, Director William M. Sheriff sold 24,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $3.55, for a total transaction of $85,200.00. Following the sale, the director now directly owns 2,144,055 shares in the company, valued at $7,611,395.25. This represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link.

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.