enCore Energy (EU) AI Stock Analysis

• Market Cap: C$716.57M
• Dividend Yield: N/A
• Average Volume (3M): 231.84K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.16
• Revenue Growth: 29.59%
• EPS Growth: -86.53%
• Country: CA
• Employees: 21,000
• Sector: Energy
• Sector Strength: 44
• Industry: Uranium
• EPS (TTM): -0.04
• Shares Outstanding: 187,094,530
• 10 Day Avg. Volume: 262,566
• 30 Day Avg. Volume: 231,842
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 28.20% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 58 Neutral
• Price Target: C$4.00 ▲(4.44% Upside)

enCore Energy's overall stock score is driven by strong corporate events and positive technical indicators, which are offset by significant financial challenges and a poor valuation profile. The company's ability to increase uranium output and reduce costs is a positive sign, but ongoing profitability and cash flow issues remain a concern.

Positive Factors

Operational Efficiency

The installation of PathCAD software at Alta Mesa is improving wellfield planning and uranium recovery, which may reduce permitting timelines and lower installation costs.

Production Capabilities

The expansion of the company's license at Alta Mesa allows for the construction of new wellfields and a Satellite Ion Exchange Plant, enhancing production capabilities.

Revenue Growth

The company's revenue was predominantly driven by the sale of uranium at a strong average price, which contributes to the confidence in generating cash flow from uranium production.

Negative Factors

Capacity Limitations

Once operational, total capacity should increase to 7,500 gallons per minute, bringing the Alta Mesa Central Processing Plant to 100% capacity.

Cost Concerns

Continued wellfield expansion at Alta Mesa is expected to drive lower cash costs, supporting the outlook for Alta Mesa to achieve profitability.

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 (EU) generates revenue through the sale of uranium, which is a critical component for nuclear energy production. The company's revenue model primarily revolves around the exploration and development of uranium-rich sites, mining, and processing uranium ore. Key revenue streams include direct sales of uranium to energy utilities and nuclear power plants, as well as long-term supply contracts with these entities. Additionally, enCore Energy (EU) may engage in strategic partnerships with other energy companies or governments, which can provide steady income through collaborative projects or technology licensing agreements. The company also benefits from fluctuations in uranium market prices, which can impact profitability.

enCore Energy Financial Statement Overview

Summary

enCore Energy exhibits robust revenue growth but faces severe profitability and cash flow challenges. The company has maintained a low leverage profile, providing some financial stability. However, persistent operating losses and negative free cash flow raise concerns about long-term viability without continued external financing or improved operational efficiency.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	58.33M	22.15M	0.00	0.00	0.00
Gross Profit	-7.21M	2.58M	1.59M	-374.00K	―
EBITDA	-67.59M	-16.88M	-20.42M	-9.85M	-2.16M
Net Income	-61.39M	-29.66M	-21.50M	-8.56M	-2.20M
Balance Sheet
Total Assets	392.72M	427.98M	223.53M	202.09M	23.44M
Cash, Cash Equivalents and Short-Term Investments	63.75M	24.38M	5.67M	11.65M	6.60M
Total Debt	20.44M	19.71M	180.43K	316.33K	432.63K
Total Liabilities	74.18M	53.34M	8.48M	13.02M	7.57M
Stockholders Equity	285.74M	374.64M	215.05M	189.07M	15.87M
Cash Flow
Free Cash Flow	-56.55M	3.71M	-80.09M	-5.60M	-1.76M
Operating Cash Flow	-45.20M	29.58M	-69.20M	-5.20M	-1.45M
Investing Cash Flow	-29.99M	-86.04M	-12.22M	-7.56M	-1.66M
Financing Cash Flow	107.42M	61.71M	74.95M	17.66M	6.94M

enCore Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.83
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Positive. The current price of 3.83 is below the 20-day moving average (MA) of 3.88, above the 50-day MA of 3.61, and above the 200-day MA of 3.65, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 52.95 is Neutral, neither overbought nor oversold. The STOCH value of 77.70 is Neutral, 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
EU	58 Neutral	C$716.57M	―	-22.78%	―	29.59%	-86.53%
Sector *	57 Neutral	HK$80.00B	2.24	1.58%	5.40%	0.06%	-49.68%
AEC	32 Underperform	C$114.85M	5.61	-22.57%	―	―	-214.63%
FUUFF	―	$90.48M	―	-28.31%	―	―	―
MGAFF	―	$73.58M	―	-6.69%	―	―	―
UROY	―	$357.08M	312.20	-1.95%	―	―	―
SASK	48 Neutral	C$176.99M	―	-4.92%	―	―	75.24%

enCore Energy Corporate Events

enCore Energy Boosts Uranium Output and Cuts Costs in Q2 2025

enCore Energy Corp. reported its Q2 2025 financial results, showcasing increased uranium extraction rates and reduced costs. The company delivered 60,000 pounds of uranium at a favorable sales price and improved operational efficiency at its Alta Mesa project, leading to significant production increases. enCore also made progress in permitting and expanding its wellfield operations, which positions the company for future growth and strengthens its market position in the uranium industry.

The most recent analyst rating on (TSE:EU) stock is a Buy with a C$3.25 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.

enCore Energy Boosts Uranium Output and Promotes Key Leader

enCore Energy Corp. has announced the promotion of Mr. Dain McCoig to Chief Operating Officer, recognizing his leadership in significantly increasing uranium extraction rates at the Alta Mesa project. Under his guidance, the company has doubled its uranium output, expanded wellfield development, and improved operational efficiency, positioning itself strongly in the U.S. uranium extraction industry.

The most recent analyst rating on (TSE:EU) stock is a Hold with a C$7.25 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.

enCore Energy Advances Upper Spring Creek Uranium Project with New License Approval

enCore Energy Corp. has received approval from the Texas Commission on Environmental Quality to include the Upper Spring Creek ISR Uranium Project in its existing Radioactive Materials License. This approval allows the company to commence construction of wellfields and a Satellite Ion Exchange Plant, which will support uranium extraction for the Rosita Central Processing Plant. The project is expected to enhance enCore’s operational capacity and competitive positioning in the uranium industry, with construction activities already underway.

The most recent analyst rating on (TSE:EU) stock is a Hold with a C$7.25 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.