Equities Analysts Issue Forecasts for enCore Energy Corp.’s Q3 2024 Earnings (NASDAQ:EU)

enCore Energy Corp. (NASDAQ:EU) – Research analysts at B. Riley dropped their Q3 2024 EPS estimates for enCore Energy in a research report issued on Thursday, August 15th. B. Riley analyst M. Key now forecasts that the company will post earnings per share of ($0.02) for the quarter, down from their prior forecast of ($0.01). B. Riley currently has a “Buy” rating and a $6.00 target price on the stock. The consensus estimate for enCore Energy’s current full-year earnings is ($0.05) per share. B. Riley also issued estimates for enCore Energy’s FY2024 earnings at ($0.09) EPS, FY2026 earnings at $0.58 EPS and FY2028 earnings at $1.15 EPS.

Separately, HC Wainwright reduced their target price on shares of enCore Energy from $7.50 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th.

enCore Energy Price Performance

NASDAQ:EU opened at $3.30 on Monday. enCore Energy has a one year low of $2.34 and a one year high of $5.05. The company has a market cap of $608.53 million, a P/E ratio of -25.31 and a beta of -0.01. The firm’s fifty day moving average price is $3.84 and its two-hundred day moving average price is $4.20.

enCore Energy (NASDAQ:EU) last issued its earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The company had revenue of $5.32 million for the quarter, compared to analyst estimates of $13.10 million.

Institutional Investors Weigh In On enCore Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in enCore Energy by 19.6% during the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after acquiring an additional 3,652 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of enCore Energy by 20.9% in the 1st quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock worth $129,000 after purchasing an additional 5,074 shares during the period. American International Group Inc. lifted its position in shares of enCore Energy by 10.4% in the 1st quarter. American International Group Inc. now owns 80,557 shares of the company’s stock worth $353,000 after purchasing an additional 7,602 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of enCore Energy by 23.8% in the 1st 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 period. Finally, Rathbones Group PLC acquired a new position in shares of enCore Energy in the 2nd quarter worth approximately $39,000. 20.86% of the stock is owned by institutional investors.

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.