enCore Energy FY2024 EPS Estimate Reduced by HC Wainwright

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

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

enCore Energy Stock Up 3.1 %

Shares of enCore Energy stock opened at $3.95 on Thursday. The stock has a market capitalization of $734.75 million, a P/E ratio of -14.07 and a beta of 0.05. enCore Energy has a 12-month low of $3.02 and a 12-month high of $5.05. The company has a 50-day simple moving average of $3.94 and a 200 day simple moving average of $3.97.

Hedge Funds Weigh In On enCore Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC boosted its position in shares of enCore Energy by 20.9% in the first quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock valued at $129,000 after acquiring an additional 5,074 shares during the period. Vanguard Group Inc. boosted its position in shares of enCore Energy by 37.0% in the first quarter. Vanguard Group Inc. now owns 922,691 shares of the company’s stock valued at $4,041,000 after acquiring an additional 249,307 shares during the period. American International Group Inc. boosted its position in shares of enCore Energy by 10.4% in the first quarter. American International Group Inc. now owns 80,557 shares of the company’s stock valued at $353,000 after acquiring an additional 7,602 shares during the period. Natixis bought a new stake in enCore Energy during the first quarter worth about $576,000. Finally, Price T Rowe Associates Inc. MD lifted its position in enCore Energy by 23.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 46,585 shares of the company’s stock worth $205,000 after purchasing an additional 8,954 shares during the period. 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.