enCore Energy Corp (TSE:EU)
:EU
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enCore Energy
(EU)
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Rating:41Neutral
Price Target:
C$2.00
▼(-31.03% Downside)
Action:Reiterated
Date:04/03/26
The score is held down primarily by weak financial performance—large ongoing losses, negative cash flow, and higher debt—alongside bearish technicals with the stock trading below key moving averages and negative MACD. Valuation offers limited support because profitability is negative and there is no dividend yield.
Positive Factors
U.S.-focused ISR asset base
enCore's U.S.-focused ISR projects and in-country processing position it within the domestic nuclear fuel supply chain, reducing geopolitical exposure and aligning with utility demand and potential U.S. policy support for domestic uranium production. This structural positioning supports durable contract opportunities and strategic offtake over the medium term.
Negative Factors
Persistent operating and net losses
Ongoing large operating and net losses erode retained equity and limit reinvestment capacity. Over a multi-quarter horizon, continued unprofitability forces management to prioritize financing over organic growth, raises execution risk on permits and builds, and hampers long-term return generation for shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
U.S.-focused ISR asset base
enCore's U.S.-focused ISR projects and in-country processing position it within the domestic nuclear fuel supply chain, reducing geopolitical exposure and aligning with utility demand and potential U.S. policy support for domestic uranium production. This structural positioning supports durable contract opportunities and strategic offtake over the medium term.
Read all positive factors
enCore Energy (EU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$432.36M
Dividend YieldN/A
Average Volume (3M)471.54K
Price to Earnings (P/E)―
Beta (1Y)3.06
Revenue Growth-23.70%
EPS Growth4.79%
CountryCA
Employees21,000
SectorGeneral
Sector StrengthN/A
IndustryUranium
Share Statistics
EPS (TTM)N/A
Shares Outstanding194,216,160
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$4.99Price Target Upside71.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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
24
Negative
Balance Sheet
52
Neutral
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 43.16M | 58.33M | 22.15M | 0.00 | 0.00 |
| Gross Profit | 9.69M | -7.21M | 2.58M | 1.59M | -374.00K |
| EBITDA | -49.85M | -67.59M | -16.88M | -20.42M | -9.85M |
| Net Income | -56.86M | -61.39M | -29.66M | -21.50M | -8.56M |
Balance Sheet | |||||
| Total Assets | 430.42M | 392.72M | 427.98M | 223.53M | 202.09M |
| Cash, Cash Equivalents and Short-Term Investments | 95.99M | 63.75M | 24.38M | 5.67M | 11.65M |
| Total Debt | 113.25M | 20.44M | 19.71M | 180.43K | 316.33K |
| Total Liabilities | 172.04M | 74.18M | 53.34M | 8.48M | 13.02M |
| Stockholders Equity | 229.25M | 285.74M | 374.64M | 215.05M | 189.07M |
Cash Flow | |||||
| Free Cash Flow | -45.99M | -56.55M | 3.71M | -80.09M | -5.60M |
| Operating Cash Flow | -24.99M | -45.20M | 29.58M | -69.20M | -5.20M |
| Investing Cash Flow | -46.22M | -29.99M | -86.04M | -12.22M | -7.56M |
| Financing Cash Flow | 84.74M | 107.42M | 61.71M | 74.95M | 17.66M |
enCore Energy Technical Analysis
Negative
2.90
Price Trends
2.98
Negative
3.45
Negative
3.67
Negative
Market Momentum
-0.03
Negative
57.54
Neutral
90.52
Negative
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 2.58, below the 50-day MA of 2.98, and below the 200-day MA of 3.67, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 57.54 is Neutral, neither overbought nor oversold. The STOCH value of 90.52 is Negative, 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 3 New Risks
1.
The capped call transactions related to our Convertible Senior Notes may affect the value of our common shares. Q4, 2025
2.
Fluctuations in the fair value of our marketable equity securities could materially affect our results of operations, financial condition, and cash flows. Q4, 2025
3.
Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our business operations to pay our debt. Q4, 2025
enCore Energy Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | C$811.49M | 113.31 | 1.35% | ― | 136.01% | 209.71% | |
56 Neutral | C$313.38M | -23.69 | -3.91% | ― | ― | 47.63% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$101.09M | -13.74 | -8.01% | ― | ― | 82.79% | |
46 Neutral | C$268.59M | -44.27 | <0.01% | ― | ― | ― | |
43 Neutral | C$119.84M | -2.98 | -38.03% | ― | ― | -51.45% | |
41 Neutral | C$432.36M | -7.10 | -22.51% | ― | -23.70% | 4.79% |
* General Sector Average
TSE:EU
enCore Energy
2.21
-0.17
-7.14%
TSE:AEC
Anfield Energy Inc
6.59
0.59
9.83%
TSE:FUU
F3 Uranium
0.16
-0.04
-17.95%
TSE:MGA
Mega Uranium
0.70
0.44
169.23%
TSE:URC
Uranium Royalty Corp
5.54
2.88
108.27%
TSE:SASK
Atha Energy Corp.
0.99
0.61
160.53%
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.