FY2025 EPS Estimate for enCore Energy Decreased by Analyst

enCore Energy Corp. (NASDAQ:EU) – Equities research analysts at HC Wainwright lowered their FY2025 earnings per share estimates for enCore Energy in a research note issued to investors on Tuesday, March 18th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.33) per share for the year, down from their previous estimate of $0.06. HC Wainwright currently has a “Buy” rating and a $2.75 target price on the stock. The consensus estimate for enCore Energy’s current full-year earnings is ($0.20) per share.

enCore Energy (NASDAQ:EU) last posted its earnings results on Monday, March 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The firm had revenue of $13.36 million during the quarter, compared to analysts’ expectations of $14.30 million.

enCore Energy Stock Performance

EU opened at $1.64 on Thursday. enCore Energy has a 52-week low of $1.26 and a 52-week high of $5.05. The stock has a market capitalization of $305.47 million, a PE ratio of -5.86 and a beta of 0.38. The stock’s 50 day moving average price is $2.68 and its 200-day moving average price is $3.36.

Institutional Investors Weigh In On enCore Energy

Several hedge funds have recently made changes to their positions in EU. Savant Capital LLC bought a new stake in shares of enCore Energy during the fourth quarter valued at approximately $36,000. Raymond James Financial Inc. bought a new stake in enCore Energy in the fourth quarter worth $38,000. Shakespeare Wealth Management LLC bought a new stake in enCore Energy in the fourth quarter worth $52,000. LPL Financial LLC bought a new stake in enCore Energy in the fourth quarter worth $56,000. Finally, Cibc World Markets Corp bought a new stake in enCore Energy in the fourth quarter worth $58,000. 20.86% of the stock is currently owned by institutional investors.

Insider Activity at enCore Energy

In related news, Chairman William M. Sheriff sold 24,000 shares of enCore Energy stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.20, for a total transaction of $76,800.00. Following the sale, the chairman now directly owns 2,120,055 shares in the company, valued at $6,784,176. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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.