Analysts Offer Predictions for enCore Energy Corp.’s FY2024 Earnings (CVE:EU)

enCore Energy Corp. (CVE:EU) – Analysts at Ventum Cap Mkts dropped their FY2024 earnings per share (EPS) estimates for enCore Energy in a research note issued to investors on Monday, October 7th. Ventum Cap Mkts analyst A. Terentiew now expects that the company will earn ($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.

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

Several other equities research analysts have also recently weighed in on the company. 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. Canaccord Genuity Group increased their price target on enCore Energy from C$8.00 to C$8.50 and gave the company a “buy” rating in a report on Tuesday, September 24th.

enCore Energy Stock Down 5.3 %

CVE EU opened at C$5.31 on Wednesday. The firm’s 50 day moving average price is C$4.92. enCore Energy has a one year low of C$4.07 and a one year high of C$6.91. The company has a market cap of C$980.92 million, a P/E ratio of -29.89 and a beta of 1.20.

Insider Activity

In related news, Director William Morris Sheriff sold 10,000 shares of the company’s stock in a transaction dated 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.