FY2025 EPS Estimates for enCore Energy Increased by Analyst

Key Points

• HC Wainwright has raised its earnings estimates for enCore Energy, predicting a FY2025 earnings of ($0.26) per share, up from a previous estimate of ($0.27) per share, maintaining a "Buy" rating with a target price of $4.00.
• The company reported quarterly earnings of ($0.07) per share, with revenue of $3.66 million and a negative return on equity of 19.23%.
• Institutional investors have shown increased interest in enCore Energy, with several firms acquiring new stakes or increasing their holdings during the fourth quarter, combining for 20.86% ownership of the stock.

enCore Energy Corp. (NASDAQ:EU - Free Report) - Stock analysts at HC Wainwright raised their FY2025 earnings estimates for shares of enCore Energy in a research report issued to clients and investors on Tuesday, August 12th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.26) per share for the year, up from their prior estimate of ($0.27). HC Wainwright has a "Buy" rating and a $4.00 price objective on the stock. The consensus estimate for enCore Energy's current full-year earnings is ($0.20) per share.

Other analysts have also recently issued reports about the stock. B. Riley began coverage on shares of enCore Energy in a research report on Wednesday, July 23rd. They set a "buy" rating and a $4.00 target price on the stock. Zacks Research upgraded shares of enCore Energy to a "hold" rating in a research report on Tuesday, August 12th.

enCore Energy Stock Down 2.1%

EU stock traded down $0.06 during mid-day trading on Thursday, hitting $2.74. The company had a trading volume of 1,223,009 shares, compared to its average volume of 2,217,299. The company has a 50-day moving average price of $2.68 and a 200 day moving average price of $2.15. enCore Energy has a 12-month low of $1.01 and a 12-month high of $4.44. The company has a market capitalization of $512.65 million, a price-to-earnings ratio of -7.83 and a beta of 1.85.

enCore Energy (NASDAQ:EU - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.07) earnings per share for the quarter. enCore Energy had a negative net margin of 143.28% and a negative return on equity of 19.23%. The firm had revenue of $3.66 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in enCore Energy by 1.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,702,287 shares of the company's stock valued at $42,839,000 after buying an additional 165,082 shares in the last quarter. Invesco Ltd. boosted its holdings in enCore Energy by 3.9% in the 4th quarter. Invesco Ltd. now owns 3,873,993 shares of the company's stock valued at $13,210,000 after purchasing an additional 145,459 shares during the last quarter. MMCAP International Inc. SPC boosted its holdings in enCore Energy by 66.0% in the 1st quarter. MMCAP International Inc. SPC now owns 3,819,501 shares of the company's stock valued at $5,232,000 after purchasing an additional 1,517,992 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of enCore Energy by 32.9% in the 2nd quarter. Vident Advisory LLC now owns 3,172,762 shares of the company's stock worth $9,045,000 after acquiring an additional 785,568 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of enCore Energy by 6.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,371,758 shares of the company's stock worth $6,783,000 after acquiring an additional 139,010 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

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.