enCore Energy Corp. (NASDAQ:EU - Free Report) - HC Wainwright cut their FY2024 EPS estimates for shares of enCore Energy in a research report issued on Tuesday, November 19th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.20) per share for the year, down from their previous estimate of ($0.13). HC Wainwright currently has a "Buy" rating and a $7.00 target price on the stock. The consensus estimate for enCore Energy's current full-year earnings is ($0.11) per share.
Separately, Ventum Cap Mkts upgraded shares of enCore Energy to a "strong-buy" rating in a research report on Thursday, August 22nd.
Check Out Our Latest Stock Report on enCore Energy
enCore Energy Stock Performance
NASDAQ:EU opened at $3.83 on Thursday. enCore Energy has a 52-week low of $3.02 and a 52-week high of $5.05. The stock's 50 day moving average price is $3.94 and its 200 day moving average price is $3.97.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Rathbones Group PLC acquired a new position in shares of enCore Energy during the second quarter worth about $39,000. Xponance Inc. purchased a new stake in enCore Energy in the 2nd quarter valued at approximately $43,000. Sei Investments Co. acquired a new position in enCore Energy during the 2nd quarter worth approximately $46,000. Virtu Financial LLC purchased a new position in shares of enCore Energy during the 1st quarter worth approximately $84,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of enCore Energy by 19.6% in the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company's stock valued at $88,000 after buying an additional 3,652 shares during the period. Institutional investors and hedge funds own 20.86% of the company's stock.
enCore Energy Company Profile
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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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