enCore Energy Corp. (NASDAQ:EU) Forecasted to Earn FY2024 Earnings of ($0.12) Per Share

enCore Energy Corp. (NASDAQ:EU) – Research analysts at HC Wainwright issued their FY2024 EPS estimates for enCore Energy in a report issued on Monday, May 6th. HC Wainwright analyst H. Ihle anticipates that the company will earn ($0.12) per share for the year. HC Wainwright currently has a “Buy” rating and a $7.50 target price on the stock. The consensus estimate for enCore Energy’s current full-year earnings is $0.17 per share. HC Wainwright also issued estimates for enCore Energy’s FY2025 earnings at $0.09 EPS.

Separately, B. Riley started coverage on shares of enCore Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $6.00 price objective for the company.

enCore Energy Trading Down 4.3 %

EU stock opened at $4.73 on Wednesday. The company has a market capitalization of $857.79 million, a PE ratio of -29.56 and a beta of 0.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.04 and a quick ratio of 4.03. enCore Energy has a 12 month low of $1.93 and a 12 month high of $5.05. The business has a 50-day moving average of $4.31.

enCore Energy (NASDAQ:EU) last posted its earnings results on Thursday, March 28th. The company reported ($0.09) EPS for the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Azarias Capital Management L.P. grew its position in shares of enCore Energy by 232.0% during the 1st quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company’s stock worth $18,013,000 after buying an additional 2,626,395 shares during the period. Fourth Sail Capital LP acquired a new stake in enCore Energy in the 4th quarter valued at $5,519,000. Van ECK Associates Corp acquired a new stake in enCore Energy in the 1st quarter valued at $3,399,000. Mirae Asset Global Investments Co. Ltd. grew its position in enCore Energy by 7.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,260,952 shares of the company’s stock valued at $32,640,000 after purchasing an additional 541,050 shares during the period. Finally, HTLF Bank acquired a new stake in enCore Energy in the 4th quarter valued at $983,000. Institutional investors own 20.86% of the company’s stock.

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.