HC Wainwright Raises Earnings Estimates for enCore Energy

enCore Energy Corp. (NASDAQ:EU) – Research analysts at HC Wainwright raised their FY2025 earnings per share (EPS) estimates for shares of enCore Energy in a research report issued on Tuesday, May 13th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.27) per share for the year, up from their previous forecast of ($0.33). HC Wainwright currently has a “Buy” rating and a $2.75 target price on the stock. The consensus estimate for enCore Energy’s current full-year earnings is ($0.20) per share. HC Wainwright also issued estimates for enCore Energy’s FY2026 earnings at ($0.10) EPS.

enCore Energy Stock Down 1.1%

Shares of EU stock opened at $1.73 on Thursday. enCore Energy has a 12-month low of $1.01 and a 12-month high of $4.96. The firm has a fifty day moving average of $1.46 and a 200-day moving average of $2.64. The company has a market capitalization of $322.97 million, a price-to-earnings ratio of -6.18 and a beta of 1.19.

enCore Energy (NASDAQ:EU) last announced its earnings results on Monday, May 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The business had revenue of $18.24 million for the quarter, compared to analysts’ expectations of $15.10 million.

Insider Buying and Selling

In other enCore Energy news, Chairman William M. Sheriff bought 40,000 shares of enCore Energy stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average price of $1.21 per share, for a total transaction of $48,400.00. Following the completion of the acquisition, the chairman now owns 2,310,055 shares of the company’s stock, valued at $2,795,166.55. This trade represents a 1.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On enCore Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EU. Van ECK Associates Corp boosted its stake in shares of enCore Energy by 79.8% during the 4th quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company’s stock worth $14,929,000 after buying an additional 1,943,731 shares during the last quarter. MMCAP International Inc. SPC raised its holdings in enCore Energy by 66.0% during the first quarter. MMCAP International Inc. SPC now owns 3,819,501 shares of the company’s stock worth $5,232,000 after acquiring an additional 1,517,992 shares in the last quarter. Yaupon Capital Management LP acquired a new position in enCore Energy during the fourth quarter valued at approximately $3,415,000. AWM Investment Company Inc. grew its stake in enCore Energy by 118.1% in the fourth quarter. AWM Investment Company Inc. now owns 1,297,619 shares of the company’s stock valued at $4,425,000 after purchasing an additional 702,619 shares in the last quarter. Finally, Nuveen LLC bought a new position in enCore Energy in the first quarter valued at approximately $662,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

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.