Ventum Cap Mkts Weighs in on enCore Energy FY2024 Earnings

enCore Energy Corp. (CVE:EU) – Investment analysts at Ventum Cap Mkts cut their FY2024 earnings per share estimates for enCore Energy in a research report issued on Monday, February 3rd. Ventum Cap Mkts analyst A. Terentiew now expects that the company will post earnings of ($0.23) per share for the year, down from their previous estimate of ($0.18). Ventum Cap Mkts also issued estimates for enCore Energy’s FY2025 earnings at ($0.07) EPS and FY2027 earnings at $0.22 EPS.

enCore Energy Trading Down 5.3 %

enCore Energy stock opened at C$4.28 on Thursday. The stock has a 50-day moving average price of C$4.89 and a two-hundred day moving average price of C$5.05. enCore Energy has a 12 month low of C$4.10 and a 12 month high of C$6.91. The company has a market capitalization of C$790.64 million, a PE ratio of -23.78 and a beta of 1.20.

Insiders Place Their Bets

In related news, Director William Morris Sheriff sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$4.94, for a total transaction of C$49,392.00. In the last three months, insiders have sold 58,000 shares of company stock valued at $296,520. 2.12% of the stock is currently owned by company insiders.

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 the Crownpoint and Hosta Butte uranium project that covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also has interests in the Marquez-Juan Tafoya property, which consists of 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project that covers 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.