enCore Energy FY2024 EPS Forecast Lowered by HC Wainwright

enCore Energy Corp. (NASDAQ:EU) – Investment analysts at HC Wainwright lowered their FY2024 earnings estimates for enCore Energy in a research note issued on Tuesday, November 19th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of ($0.20) for the year, down from their prior estimate of ($0.13). HC Wainwright has a “Buy” rating and a $7.00 price objective on the stock. The consensus estimate for enCore Energy’s current full-year earnings is ($0.11) per share.

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

enCore Energy Stock Down 2.5 %

NASDAQ EU opened at $3.83 on Thursday. The business has a 50 day moving average price of $3.94 and a 200 day moving average price of $3.97. enCore Energy has a 1-year low of $3.02 and a 1-year high of $5.05.

Institutional Investors Weigh In On enCore Energy

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

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.