enCore Energy (EU) AI Stock Analysis

• Market Cap: C$501.08M
• Dividend Yield: N/A
• Average Volume (3M): 471.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.95
• Revenue Growth: 2.06%
• EPS Growth: 13.58%
• Country: CA
• Employees: 21,000
• Sector: General
• Sector Strength: N/A
• Industry: Uranium
• EPS (TTM): -0.15
• Shares Outstanding: 194,216,160
• 10 Day Avg. Volume: 517,846
• 30 Day Avg. Volume: 471,535
• PEG Ratio: 0.91
• Price to Book (P/B): 2.67
• Price to Sales (P/S): 14.16
• P/FCF Ratio: -13.29
• 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$4.91
• Price Target Upside: 83.21% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -0.14
• Revenue Forecast (FY): C$84.26M

• Rating: 41 Neutral
• Price Target: C$2.50 ▼(-6.72% Downside)
• Action: Reiterated Date: 04/03/26
• Date: Action: Reiterated 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

Uranium-focused ISR business model

A concentrated business model focused on uranium and ISR development aligns enCore with the structurally supportive nuclear fuel cycle. Specialization in ISR is a durable operational advantage where technical know-how, permitting experience and project continuity create entry barriers and long-term revenue relevance.

Negative Factors

Persistent negative operating cash flow

Sustained negative operating cash flow indicates the core business currently consumes cash, requiring external financing or asset sales to fund operations. Over months this raises dilution and refinancing risk, constrains capital for development, and threatens continuity if cash burn is not reversed.

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...

Read more

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 primarily makes money by selling uranium (typically U3O8/uranium concentrates or equivalent uranium products) into the nuclear fuel market under sales agreements with customers such as nuclear utilities and/or intermediaries. Revenue...

Read more

enCore Energy primarily makes money by selling uranium (typically U3O8/uranium concentrates or equivalent uranium products) into the nuclear fuel market under sales agreements with customers such as nuclear utilities and/or intermediaries. Revenue...

enCore Energy Financial Statement Overview

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

• Technical Analysis Sentiment: Neutral
• Last Price: 2.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EU, the sentiment is Neutral. The current price of 2.68 is above the 20-day moving average (MA) of 2.54, below the 50-day MA of 3.04, and below the 200-day MA of 3.68, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 48.80 is Neutral, neither overbought nor oversold. The STOCH value of 61.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:EU.

enCore Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
URC	56 Neutral	C$747.04M	113.31	1.35%	―	-0.90%	-93.94%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SASK	54 Neutral	C$259.57M	-35.27	-5.03%	―	―	52.63%
FUU	48 Neutral	C$110.57M	-13.74	-8.01%	―	―	68.37%
MGA	46 Neutral	C$272.43M	-25.25	<0.01%	―	―	22.89%
AEC	43 Neutral	C$140.75M	-5.51	-38.03%	―	―	-234.49%
EU	41 Neutral	C$501.08M	-10.75	-25.17%	―	2.06%	13.58%

enCore Energy Corporate Events