FY2024 EPS Estimates for enCore Energy Lowered by B. Riley

enCore Energy Corp. (NASDAQ:EU) – Research analysts at B. Riley reduced their FY2024 earnings per share estimates for shares of enCore Energy in a report released on Tuesday, November 19th. B. Riley analyst M. Key now anticipates that the company will post earnings per share of ($0.20) for the year, down from their prior forecast of ($0.09). The consensus estimate for enCore Energy’s current full-year earnings is ($0.11) per share. B. Riley also issued estimates for enCore Energy’s Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at $0.16 EPS.

A number of other equities research analysts have also recently commented on the company. Ventum Cap Mkts raised enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 target price on shares of enCore Energy in a report on Tuesday.

enCore Energy Stock Performance

NASDAQ EU opened at $3.95 on Thursday. The company has a market capitalization of $734.75 million, a PE ratio of -14.07 and a beta of 0.05. The business’s fifty day moving average is $3.94 and its 200 day moving average is $3.97. enCore Energy has a fifty-two week low of $3.02 and a fifty-two week high of $5.05.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Van ECK Associates Corp boosted its holdings in shares of enCore Energy by 89.3% in the third quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company’s stock valued at $9,762,000 after purchasing an additional 1,148,056 shares during the period. Azarias Capital Management L.P. raised its stake in enCore Energy by 28.1% in the second quarter. Azarias Capital Management L.P. now owns 4,814,976 shares of the company’s stock worth $20,590,000 after buying an additional 1,056,483 shares in the last quarter. Vanguard Group Inc. raised its stake in enCore Energy by 37.0% in the first quarter. Vanguard Group Inc. now owns 922,691 shares of the company’s stock worth $4,041,000 after buying an additional 249,307 shares in the last quarter. National Bank of Canada FI bought a new position in enCore Energy in the third quarter worth approximately $832,000. Finally, Accordant Advisory Group Inc bought a new position in enCore Energy in the second quarter worth approximately $660,000. Hedge funds and other institutional investors 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.