enCore Energy Corp (TSE:EU)
:EU
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enCore Energy
(EU)
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Rating:42Neutral
Price Target:
C$2.50
▼(-13.79% Downside)
Action:Reiterated
Date:05/16/26
The score is primarily constrained by weak financial performance—steep revenue contraction, heavy operating losses, and renewed negative operating/free cash flow. Technicals also weigh on the rating with a clear downtrend (price below key moving averages and negative MACD), despite oversold readings. Valuation provides limited support due to a negative P/E and no dividend yield.
Positive Factors
Resource expansion potential at Alta Mesa East
Confirming contiguous mineralization adjacent to existing wellfields materially de-risks future project expansion. A successful AME delineation can enable permit extensions, incremental ISR wellfields and better utilization of processing capacity, supporting sustainable volume growth over multiple years.
Negative Factors
Steep revenue contraction
A severe multi-year drop in revenue reduces scale and hinders absorption of fixed costs, amplifying per-unit costs and pressuring margins. Until production or contracted sales recover, the top-line weakness is a structural headwind for cash generation and investment in project development.
Read all positive and negative factors
Positive Factors
Negative Factors
Resource expansion potential at Alta Mesa East
Confirming contiguous mineralization adjacent to existing wellfields materially de-risks future project expansion. A successful AME delineation can enable permit extensions, incremental ISR wellfields and better utilization of processing capacity, supporting sustainable volume growth over multiple years.
Read all positive factors
enCore Energy (EU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$426.71M
Dividend YieldN/A
Average Volume (3M)471.54K
Price to Earnings (P/E)―
Beta (1Y)3.06
Revenue Growth-7.88%
EPS Growth65.90%
CountryCA
Employees21,000
SectorGeneral
Sector StrengthN/A
IndustryUranium
Share Statistics
EPS (TTM)-0.15
Shares Outstanding194,233,000
10 Day Avg. Volume517,846
30 Day Avg. Volume471,535
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)2.67
Price to Sales (P/S)14.16
P/FCF Ratio-13.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$5.13Price Target Upside76.88% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.18
Revenue Forecast (FY)C$75.02M
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 Mexi...
How the Company Makes Money
enCore Energy makes money primarily by producing and selling uranium (typically as uranium concentrates) to nuclear fuel market participants. Key revenue drivers include (1) uranium sales under contracts: the company enters into uranium sales agre...
enCore Energy Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
52
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.92M | 43.16M | 58.33M | 22.15M | 0.00 | 0.00 |
| Gross Profit | 8.44M | 9.69M | -7.21M | 2.58M | 1.59M | -374.00K |
| EBITDA | -48.59M | -49.85M | -67.59M | -16.88M | -23.32M | -9.85M |
| Net Income | -27.30M | -56.86M | -61.39M | -25.61M | -21.50M | -10.73M |
Balance Sheet | ||||||
| Total Assets | 451.98M | 430.42M | 392.72M | 427.98M | 300.34M | 202.09M |
| Cash, Cash Equivalents and Short-Term Investments | 111.76M | 95.99M | 63.75M | 24.38M | 7.62M | 11.65M |
| Total Debt | 113.62M | 113.25M | 20.44M | 19.71M | 244.29K | 316.33K |
| Total Liabilities | 170.58M | 172.04M | 74.18M | 53.34M | 11.39M | 13.02M |
| Stockholders Equity | 254.96M | 229.25M | 285.74M | 374.64M | 288.95M | 189.07M |
Cash Flow | ||||||
| Free Cash Flow | -55.34M | -45.99M | -56.55M | -30.71M | -107.62M | -5.60M |
| Operating Cash Flow | -38.33M | -24.99M | -45.20M | -22.99M | -92.98M | -5.20M |
| Investing Cash Flow | -44.39M | -46.22M | -29.99M | -64.62M | -16.41M | -7.56M |
| Financing Cash Flow | 96.97M | 84.74M | 107.42M | 45.90M | 100.71M | 17.66M |
enCore Energy Technical Analysis
Negative
2.90
Price Trends
2.45
Negative
3.01
Negative
3.42
Negative
Market Momentum
-0.08
Negative
44.92
Neutral
52.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EU, the sentiment is Negative. The current price of 2.9 is above the 20-day moving average (MA) of 2.18, above the 50-day MA of 2.45, and below the 200-day MA of 3.42, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 44.92 is Neutral, neither overbought nor oversold. The STOCH value of 52.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EU.
enCore Energy Risk Analysis
enCore Energy disclosed 66 risk factors in its most recent earnings report. enCore Energy reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
enCore Energy Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | C$373.52M | -30.39 | -5.53% | ― | ― | -17.72% | |
56 Neutral | C$736.78M | 159.92 | 1.35% | ― | 136.01% | 209.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$261.05M | 30.59 | <0.01% | ― | ― | ― | |
43 Neutral | C$117.66M | -4.73 | -46.94% | ― | ― | -72.56% | |
43 Neutral | C$101.09M | -33.56 | -3.66% | ― | ― | 87.89% | |
42 Neutral | C$426.71M | -11.04 | -10.95% | ― | -7.88% | 65.90% |
* General Sector Average
TSE:EU
enCore Energy
2.19
-0.76
-25.76%
TSE:AEC
Anfield Energy Inc
6.51
-1.36
-17.28%
TSE:FUU
F3 Uranium
0.16
-0.07
-30.43%
TSE:MGA
Mega Uranium
0.67
0.38
131.03%
TSE:URC
Uranium Royalty Corp
4.96
1.84
58.97%
TSE:SASK
Atha Energy Corp.
1.11
0.61
122.00%
enCore Energy Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
enCore Energy Narrows Loss as Uranium Output Jumps and U.S. Projects Advance
Positive
Mar 9, 2026
enCore Energy reported a narrower net loss per share of $0.30 for 2025 as uranium extraction from its South Texas operations climbed 242% to nearly 700,000 pounds. The company delivered about 655,000 pounds into contracts at an average price above...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.