enCore Energy FY2024 EPS Forecast Lowered by HC Wainwright

enCore Energy Corp. (NASDAQ:EUFree Report) – 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.

Check Out Our Latest Research Report on enCore Energy

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

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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.

See Also

Earnings History and Estimates for enCore Energy (NASDAQ:EU)

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