FY2024 EPS Estimates for enCore Energy Corp. Cut by Analyst (CVE:EU)

enCore Energy Corp. (CVE:EU) – Equities research analysts at Ventum Cap Mkts reduced their FY2024 earnings per share (EPS) estimates for enCore Energy in a report issued on Monday, October 7th. Ventum Cap Mkts analyst A. Terentiew now forecasts that the company will post earnings per share of ($0.15) for the year, down from their previous forecast of ($0.14). Ventum Cap Mkts currently has a “Strong-Buy” rating on the stock. Ventum Cap Mkts also issued estimates for enCore Energy’s FY2025 earnings at ($0.03) EPS.

A number of other research firms also recently issued reports on EU. Ventum Financial set a C$7.00 price objective on shares of enCore Energy and gave the stock a “buy” rating in a report on Thursday, August 22nd. Canaccord Genuity Group lifted their price target on shares of enCore Energy from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research note on Tuesday, September 24th.

enCore Energy Stock Performance

Shares of EU opened at C$5.50 on Wednesday. The company’s fifty day moving average is C$4.91. The stock has a market cap of C$1.02 billion, a price-to-earnings ratio of -30.56 and a beta of 1.20. enCore Energy has a 1-year low of C$4.07 and a 1-year high of C$6.91.

enCore Energy (CVE:EU) last released its quarterly earnings data on Wednesday, August 14th. The company reported C($0.07) EPS for the quarter. enCore Energy had a negative net margin of 58.43% and a negative return on equity of 6.92%. The business had revenue of C$7.28 million for the quarter.

Insider Transactions at enCore Energy

In other news, Director William Morris Sheriff sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$3.80, for a total transaction of C$38,000.00. Insiders own 2.12% of the company’s stock.

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.