enCore Energy (EU) AI Stock Analysis

• Market Cap: C$732.15M
• Dividend Yield: N/A
• Average Volume (3M): 471.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.02
• Revenue Growth: 2.06%
• EPS Growth: 13.58%
• Country: CA
• Employees: 21,000
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): -0.04
• Shares Outstanding: 187,249,530
• 10 Day Avg. Volume: 517,846
• 30 Day Avg. Volume: 471,535
• PEG Ratio: -0.16
• Price to Book (P/B): 2.15
• Price to Sales (P/S): 10.51
• P/FCF Ratio: -10.85
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$5.22
• Price Target Upside: 33.50% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: C$3.50 ▼(-10.49% Downside)

The score is mainly held down by weak financial performance (large TTM revenue decline, materially negative profitability, and negative operating/free cash flow), with only partial support from a comparatively stronger balance sheet. Technical indicators are broadly neutral and do not provide a strong momentum tailwind. Valuation support is limited because the company is currently loss-making and no dividend yield is available.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong demand for enCore Energy's uranium products, enhancing its market position and potential for future profitability.

Low Leverage

A low debt-to-equity ratio suggests financial stability, providing enCore Energy with flexibility to invest in growth opportunities without the burden of high interest costs.

Leadership Change

The addition of Wayne Heili to the Board may bring fresh perspectives and strategic direction, potentially enhancing governance and long-term strategic planning.

Negative Factors

Profitability Challenges

Ongoing profitability issues highlight operational inefficiencies, which could hinder enCore Energy's ability to sustain growth and fund future projects.

Cash Flow Issues

Negative free cash flow indicates cash management challenges, potentially limiting enCore Energy's ability to invest in new projects or weather market downturns.

Equity Decline

A declining equity ratio may signal weakening financial health, reducing investor confidence and the company's ability to raise capital through equity markets.

enCore Energy Business Overview & Revenue Model

Company Description

enCore Energy Corp. engages in the acquisition and exploration of 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 consists of private mineral leases totaling 18,596 acres located in McKinley and Sandoval counties of New Mexico; the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico; and the Moonshine Springs project comprises approximately 1000 acres, including 23 owned unpatented lode mining claims, 7 unpatented lode mining claims, and 320 acres of fee land under lease located in Mohave County, Arizona. In addition, it holds interest in the White Canyon District and Utah property package, including the Geitus, Blue Jay, Marcy Look, and Cedar Mountain projects located to the northwest of the White Mesa Mill at Blanding County, Utah. Further, the company holds a 100% interest in Dewey Burdock project comprises approximately 12,613 surface acres and 16,962 net mineral acres located in South Dakota; Gas Hills project consists of approximately 1,280 surface acres and 12,960 net mineral acres of unpatented lode mining claims located in Wyoming; and West Largo project consist of approximately 3,840 acres located in McKinley County, New Mexico. Additionally, it holds a 100% interest in Ambrosia Lake - Treeline property consists of deeded mineral rights totaling 24,555 acres and unpatented mining claims covering approximately 1,700 acres; and Checkerboard mineral rights covering a land position of approximately 300,000 acres located in the Grants Uranium District. The company was formerly known as Wolfpack Gold Corp. and changed its name to enCore Energy Corp. in August 2014. enCore Energy Corp. was incorporated in 2009 and is headquartered in Corpus Christi, Texas.

How the Company Makes Money

enCore Energy generates revenue primarily through the exploration, development, and production of uranium. The company’s revenue model is largely based on the sale of uranium to utility companies and other entities engaged in nuclear energy generation. Key revenue streams include the sale of uranium oxide (U3O8) and potential revenue from long-term contracts with utilities, which help stabilize income in fluctuating market conditions. Additionally, enCore may benefit from strategic partnerships and joint ventures with other mining companies, which can provide access to new resources and markets. The overall earnings can be influenced by factors such as uranium market prices, production costs, regulatory environment, and demand from the nuclear energy sector.

enCore Energy Financial Statement Overview

Summary

enCore Energy shows strong revenue growth but faces severe profitability and cash flow challenges. The low leverage profile provides some financial stability, but persistent operating losses and negative free cash flow raise concerns about long-term viability.

Income Statement

enCore Energy shows a significant increase in revenue, reaching $58.3 million in 2024 from $5.4 million in 2023, indicating strong top-line growth. However, the company is struggling with profitability, as demonstrated by negative gross profit margins and substantial net losses. EBIT and EBITDA margins are also negative, highlighting ongoing operational challenges.

Balance Sheet

The company's debt-to-equity ratio remains low at 0.07, reflecting minimal leverage, which is a positive sign of financial stability. However, the equity ratio has decreased, indicating a decline in the proportion of assets financed by equity. Return on equity is negative due to ongoing net losses, which is concerning for investors seeking returns.

Cash Flow

Free cash flow has worsened significantly to -$56.5 million in 2024, compared to $3.7 million in 2023. The operating cash flow to net income ratio is negative due to operating losses, highlighting cash flow challenges. The company is maintaining cash reserves through significant financing activities, but the sustainability of this strategy is uncertain.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	44.14M	58.33M	22.15M	0.00	0.00	0.00
Gross Profit	1.42M	-7.21M	2.58M	1.59M	-374.00K	―
EBITDA	-72.31M	-67.59M	-16.88M	-20.42M	-9.85M	-2.19M
Net Income	-67.12M	-61.39M	-29.66M	-21.50M	-8.56M	-2.20M
Balance Sheet
Total Assets	441.90M	392.72M	427.98M	223.53M	202.09M	23.44M
Cash, Cash Equivalents and Short-Term Investments	116.22M	63.75M	24.38M	5.67M	11.65M	6.60M
Total Debt	109.81M	20.44M	19.71M	180.43K	316.33K	432.63K
Total Liabilities	164.15M	74.18M	53.34M	8.48M	13.02M	7.57M
Stockholders Equity	248.57M	285.74M	374.64M	215.05M	189.07M	15.87M
Cash Flow
Free Cash Flow	-43.79M	-56.55M	3.71M	-80.09M	-5.60M	-1.76M
Operating Cash Flow	-43.73M	-45.20M	29.58M	-69.20M	-5.20M	-1.45M
Investing Cash Flow	-82.38M	-29.99M	-86.04M	-12.22M	-7.56M	-1.66M
Financing Cash Flow	174.44M	107.42M	61.71M	74.95M	17.66M	6.94M

enCore Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EU, the sentiment is Positive. The current price of 3.91 is above the 20-day moving average (MA) of 3.60, above the 50-day MA of 3.73, and above the 200-day MA of 3.36, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 55.11 is Neutral, neither overbought nor oversold. The STOCH value of 91.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EU.

enCore Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
URC	61 Neutral	C$755.41M	1,605.88	0.20%	―	-0.90%	-93.94%
FUU	53 Neutral	C$100.13M	-9.25	-12.38%	―	―	68.37%
MGA	53 Neutral	C$223.15M	-45.31	-1.98%	―	―	22.89%
SASK	50 Neutral	C$206.63M	-17.57	-4.96%	―	―	52.63%
EU	46 Neutral	C$732.15M	-9.84	-19.80%	―	2.06%	13.58%
AEC	45 Neutral	C$131.31M	-8.33	-30.73%	―	―	-234.49%

enCore Energy Corporate Events

enCore Energy Strengthens Leadership with New Board Appointment

enCore Energy Corp. announced the appointment of Wayne Heili to its Board of Directors and the retirement of Dr. Dennis Stover from the Board, effective December 31, 2025. Mr. Heili, a seasoned metallurgical engineer with extensive experience in uranium recovery, will bring valuable expertise to enCore, while Dr. Stover will continue to support the company as Chair of the Technical Advisory Committee. This leadership transition is expected to strengthen enCore’s position in the uranium industry and influence the future of clean energy.

The most recent analyst rating on (TSE:EU) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.

enCore Energy Reports Strong Q3 2025 Results and Advances in Uranium Projects

enCore Energy Corp. reported its financial and operational results for the third quarter of 2025, highlighting a strong operational performance with increased uranium extraction in South Texas. The company delivered nearly half a million pounds of uranium year-to-date, with a significant cash balance and working capital. enCore’s Dewey Burdock Project in South Dakota has been included in the federal FAST-41 program, which supports expedited permitting for critical mineral projects, reinforcing the company’s position as a leading domestic uranium producer. This development aligns with the U.S. focus on domestic uranium production to support clean energy initiatives.

The most recent analyst rating on (TSE:EU) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.

enCore Energy Unveils New Uranium Discoveries at Alta Mesa Project

enCore Energy Corp. announced the discovery of new uranium mineralized roll fronts at its Alta Mesa ISR Uranium Project, following a detailed re-analysis of historic drill data. These discoveries, located near existing wellfields, promise significant cost savings due to their shallow depth, and are expected to enhance the company’s operational efficiency and resource base, potentially strengthening its market position in the uranium industry.

The most recent analyst rating on (TSE:EU) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.

enCore Energy Unveils New Uranium Discoveries at Alta Mesa Project

enCore Energy Corp. has announced new uranium discoveries at its Alta Mesa In-Situ Recovery Uranium Project, resulting from a detailed re-analysis of historic drill data. These discoveries, located near existing wellfields, include new mineralized roll fronts that promise significant cost savings due to their shallow depth, and are advancing towards permitting and further drilling. This development could enhance enCore’s operational efficiency and strengthen its position in the uranium industry.

The most recent analyst rating on (TSE:EU) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.