FY2026 EPS Estimates for enCore Energy Lowered by B. Riley

enCore Energy Corp. (NASDAQ:EU - Free Report) - B. Riley cut their FY2026 EPS estimates for enCore Energy in a research report issued on Tuesday, November 19th. B. Riley analyst M. Key now anticipates that the company will post earnings of $0.49 per share for the year, down from their prior estimate of $0.58. 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 FY2027 earnings at $0.84 EPS and FY2028 earnings at $1.07 EPS.

Several other equities analysts have also recently weighed in on the stock. HC Wainwright reissued a "buy" rating and issued a $7.00 target price on shares of enCore Energy in a research note on Tuesday. Ventum Cap Mkts upgraded shares of enCore Energy to a "strong-buy" rating in a research note on Thursday, August 22nd.

enCore Energy Price Performance

Shares of EU traded down $0.13 during mid-day trading on Wednesday, hitting $3.80. 487,495 shares of the company's stock were exchanged, compared to its average volume of 1,218,592. The company has a 50-day simple moving average of $3.94 and a 200 day simple moving average of $3.97. The company has a market cap of $706.95 million, a PE ratio of -13.82 and a beta of 0.05. enCore Energy has a 52 week low of $3.02 and a 52 week high of $5.05.

Hedge Funds Weigh In On enCore Energy

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in enCore Energy by 37.0% in the first 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 last quarter. Natixis bought a new stake in shares of enCore Energy in the 1st quarter valued at $576,000. Van ECK Associates Corp increased its position in shares of enCore Energy by 89.3% during the third quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company's stock worth $9,762,000 after buying an additional 1,148,056 shares during the period. Azarias Capital Management L.P. raised its stake in enCore Energy by 28.1% during the second quarter. Azarias Capital Management L.P. now owns 4,814,976 shares of the company's stock worth $20,590,000 after buying an additional 1,056,483 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in enCore Energy in the second quarter valued at $179,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

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.