Equities Analysts Set Expectations for enCore Energy Corp.'s FY2024 Earnings (CVE:EU)

enCore Energy Corp. (CVE:EU - Free Report) - Equities research analysts at Ventum Cap Mkts cut their FY2024 earnings per share (EPS) estimates for enCore Energy in a report released on Monday, October 7th. Ventum Cap Mkts analyst A. Terentiew now forecasts that the company will post earnings of ($0.15) per share for the year, down from their prior forecast of ($0.14). Ventum Cap Mkts has a "Strong-Buy" rating on the stock. Ventum Cap Mkts also issued estimates for enCore Energy's FY2025 earnings at ($0.03) EPS.

A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of enCore Energy from C$8.00 to C$8.50 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Ventum Financial set a C$7.00 price objective on enCore Energy and gave the stock a "buy" rating in a research note on Thursday, August 22nd.

enCore Energy Stock Up 2.0 %

CVE:EU traded up C$0.11 during mid-day trading on Wednesday, reaching C$5.61. 76,852 shares of the company's stock were exchanged, compared to its average volume of 211,474. The stock has a market capitalization of C$1.04 billion, a price-to-earnings ratio of -30.17 and a beta of 1.20. enCore Energy has a one year low of C$4.07 and a one year high of C$6.91. The business's fifty day moving average is C$4.91.

enCore Energy (CVE:EU - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported C($0.07) earnings per share for the quarter. enCore Energy had a negative net margin of 58.43% and a negative return on equity of 6.92%. The company had revenue of C$7.28 million during the quarter.

Insider Activity

In other news, Director William Morris Sheriff sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$3.80, for a total transaction of C$38,000.00. Company insiders own 2.12% of the company's stock.

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 the Crownpoint and Hosta Butte uranium project that covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also has interests in the Marquez-Juan Tafoya property, which consists of 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project that covers 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.