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

enCore Energy Corp. (NASDAQ:EU) – Analysts at HC Wainwright issued their FY2024 earnings per share estimates for shares of enCore Energy in a research note issued to investors on Monday, May 6th. HC Wainwright analyst H. Ihle forecasts that the company will post earnings per share of ($0.12) for the year. HC Wainwright has a “Buy” rating and a $7.50 price target 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 enCore Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $6.00 price target on the stock.

enCore Energy Stock Down 4.3 %

EU stock opened at $4.73 on Wednesday. The firm has a market capitalization of $857.79 million, a PE ratio of -29.56 and a beta of 0.07. The company has a quick ratio of 4.03, a current ratio of 4.04 and a debt-to-equity ratio of 0.07. enCore Energy has a 52-week low of $1.93 and a 52-week high of $5.05. The business’s fifty day simple moving average is $4.31.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.09) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On enCore Energy

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of enCore Energy by 7.0% during 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 acquiring an additional 541,050 shares in the last quarter. HTLF Bank acquired a new position in shares of enCore Energy during the 4th quarter valued at $983,000. Fourth Sail Capital LP acquired a new position in shares of enCore Energy during the 4th quarter valued at $5,519,000. Quantbot Technologies LP acquired a new position in shares of enCore Energy during the 1st quarter valued at $348,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of enCore Energy during the 1st quarter valued at $83,000. Institutional investors and hedge funds 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.