enCore Energy FY2025 EPS Forecast Decreased by HC Wainwright

enCore Energy Corp. (NASDAQ:EU - Free Report) - Equities researchers at HC Wainwright decreased their FY2025 earnings estimates for enCore Energy in a research report issued to clients and investors on Tuesday, March 18th. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.33) per share for the year, down from their previous forecast of $0.06. HC Wainwright currently has a "Buy" rating and a $2.75 target price on the stock. The consensus estimate for enCore Energy's current full-year earnings is ($0.20) per share.

enCore Energy (NASDAQ:EU - Get Free Report) last posted its quarterly earnings results on Monday, March 3rd. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The business had revenue of $13.36 million for the quarter, compared to analysts' expectations of $14.30 million.

enCore Energy Trading Down 1.2 %

enCore Energy stock traded down $0.02 during midday trading on Thursday, reaching $1.63. The stock had a trading volume of 1,265,051 shares, compared to its average volume of 1,389,983. The company has a fifty day moving average price of $2.57 and a two-hundred day moving average price of $3.33. enCore Energy has a 12 month low of $1.26 and a 12 month high of $5.05. The company has a market capitalization of $303.61 million, a P/E ratio of -5.82 and a beta of 0.38.

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Insider Activity

In related news, Chairman William M. Sheriff sold 24,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.20, for a total value of $76,800.00. Following the sale, the chairman now owns 2,120,055 shares in the company, valued at $6,784,176. This represents a 1.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Trading of enCore Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EU. JPMorgan Chase & Co. boosted its holdings in enCore Energy by 6.7% during the third quarter. JPMorgan Chase & Co. now owns 81,173 shares of the company's stock worth $328,000 after purchasing an additional 5,067 shares during the last quarter. Legal & General Group Plc lifted its position in shares of enCore Energy by 17.7% during the 4th quarter. Legal & General Group Plc now owns 35,315 shares of the company's stock worth $120,000 after buying an additional 5,322 shares in the last quarter. NFP Retirement Inc. boosted its stake in shares of enCore Energy by 27.3% in the 4th quarter. NFP Retirement Inc. now owns 28,000 shares of the company's stock worth $95,000 after buying an additional 6,000 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of enCore Energy by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 112,175 shares of the company's stock valued at $383,000 after acquiring an additional 7,532 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of enCore Energy by 10.2% during the fourth quarter. SG Americas Securities LLC now owns 113,517 shares of the company's stock valued at $387,000 after acquiring an additional 10,469 shares during the last quarter. 20.86% of the stock is owned by institutional investors.

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.