enCore Energy (NASDAQ:EU) Issues Quarterly Earnings Results

Key Points

• enCore Energy reported a quarterly loss of ($0.07) earnings per share (EPS), with a negative return on equity of 16.08% and a net margin of 142.32%.
• The company saw its stock rise 4 cents to $2.71 on Monday, with a market capitalization of $506.93 million and a price-to-earnings ratio of -7.32.
• NewEdge Advisors LLC increased its stake in enCore Energy by 13.2% during the first quarter, now holding a total of 294,405 shares, which represents 0.16% of the company.

enCore Energy (NASDAQ:EU - Get Free Report) issued its earnings results on Monday. The company reported ($0.07) earnings per share (EPS) for the quarter, Zacks reports. enCore Energy had a negative return on equity of 16.08% and a negative net margin of 142.32%.

enCore Energy Stock Performance

EU traded up $0.04 during trading on Monday, reaching $2.71. The company's stock had a trading volume of 1,881,418 shares, compared to its average volume of 2,427,910. enCore Energy has a 52-week low of $1.01 and a 52-week high of $4.44. The company's fifty day moving average price is $2.62 and its 200-day moving average price is $2.17. The company has a market capitalization of $506.93 million, a price-to-earnings ratio of -7.32 and a beta of 1.85.

Institutional Investors Weigh In On enCore Energy

An institutional investor recently raised its position in enCore Energy stock. NewEdge Advisors LLC increased its stake in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 13.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,405 shares of the company's stock after purchasing an additional 34,250 shares during the period. NewEdge Advisors LLC owned 0.16% of enCore Energy worth $403,000 as of its most recent SEC filing. Institutional investors own 20.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EU shares. B. Riley started coverage on enCore Energy in a research report on Wednesday, July 23rd. They set a "buy" rating and a $4.00 price target for the company. HC Wainwright restated a "buy" rating and set a $2.75 price target on shares of enCore Energy in a research report on Tuesday, May 13th.

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.

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