FY2024 EPS Estimates for enCore Energy Reduced by B. Riley

enCore Energy Corp. (NASDAQ:EU) – Equities research analysts at B. Riley dropped their FY2024 EPS estimates for shares of enCore Energy in a note issued to investors on Tuesday, November 19th. B. Riley analyst M. Key now forecasts that the company will post earnings of ($0.20) per share for the year, down from their previous estimate 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.

EU has been the topic of several other reports. Ventum Cap Mkts raised enCore Energy to a “strong-buy” rating in a research note on Thursday, August 22nd. HC Wainwright restated a “buy” rating and issued a $7.00 price target on shares of enCore Energy in a research note on Tuesday.

enCore Energy Price Performance

Shares of EU opened at $3.83 on Thursday. The firm has a 50 day simple moving average of $3.94 and a two-hundred day simple moving average of $3.97. The company has a market cap of $712.53 million, a P/E ratio of -13.68 and a beta of 0.05. enCore Energy has a one year low of $3.02 and a one year high of $5.05.

Institutional Investors Weigh In On enCore Energy

Several hedge funds have recently modified their holdings of the company. ProShare Advisors LLC raised its holdings in enCore Energy by 20.9% in the 1st quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock valued at $129,000 after buying an additional 5,074 shares during the last quarter. Vanguard Group Inc. increased its position in enCore Energy by 37.0% in the 1st 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. raised its stake in shares of enCore Energy by 10.4% during 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 last quarter. Natixis acquired a new position in shares of enCore Energy during the first quarter worth $576,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of enCore Energy by 23.8% in 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 last quarter. Institutional investors and hedge funds 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.