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enCore Energy Corp (TSE:EU)
:EU
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enCore Energy (EU) AI Stock Analysis

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TSE:EU

enCore Energy

(EU)

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Neutral 54 (OpenAI - 4o)
Rating:54Neutral
Price Target:
C$4.50
▲(4.65% Upside)
enCore Energy's overall stock score is primarily influenced by its strong technical indicators, which suggest positive market momentum. However, the company's financial performance is concerning due to significant profitability and cash flow challenges. The valuation is also weak, with a negative P/E ratio and no dividend yield, further impacting the overall score.
Positive Factors
Regulatory Approval
The denial of the petition allows enCore Energy to advance its Dewey Burdock Project, ensuring regulatory compliance and accelerating development, which is crucial for long-term project viability and revenue generation.
Revenue Growth
Significant revenue growth indicates strong demand and successful expansion efforts, enhancing the company's market position and potential for future profitability.
Strategic Industry Trends
The U.S. government's initiative to bolster uranium reserves supports the nuclear energy sector, providing enCore Energy with a favorable market environment for its uranium products.
Negative Factors
Profitability Challenges
Persistent profitability issues, as evidenced by negative margins, pose a risk to financial sustainability and may require strategic adjustments to achieve long-term success.
Cash Flow Challenges
Negative free cash flow highlights operational inefficiencies and reliance on external financing, which could limit growth opportunities and strain financial resources.
Equity Financing Concerns
A declining equity ratio suggests increased financial risk and potential dilution for shareholders, impacting investor confidence and long-term financial health.

enCore Energy (EU) vs. iShares MSCI Canada ETF (EWC)

enCore Energy Business Overview & Revenue Model

Company DescriptionenCore 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 MoneyenCore 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 company maintains low leverage, providing some financial stability, but persistent operating losses and negative free cash flow raise concerns about long-term viability.
Income Statement
30
Negative
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
45
Neutral
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
40
Negative
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue44.52M58.33M22.15M0.000.000.00
Gross Profit-4.39M-7.21M2.58M1.59M-374.00K
EBITDA-85.90M-67.59M-16.88M-20.42M-9.85M-2.16M
Net Income-78.49M-61.39M-29.66M-21.50M-8.56M-2.20M
Balance Sheet
Total Assets359.38M392.72M427.98M223.53M202.09M23.44M
Cash, Cash Equivalents and Short-Term Investments38.25M63.75M24.38M5.67M11.65M6.60M
Total Debt10.30M20.44M19.71M180.43K316.33K432.63K
Total Liabilities64.46M74.18M53.34M8.48M13.02M7.57M
Stockholders Equity264.68M285.74M374.64M215.05M189.07M15.87M
Cash Flow
Free Cash Flow-39.48M-56.55M3.71M-80.09M-5.60M-1.76M
Operating Cash Flow-29.71M-45.20M29.58M-69.20M-5.20M-1.45M
Investing Cash Flow-79.84M-29.99M-86.04M-12.22M-7.56M-1.66M
Financing Cash Flow78.67M107.42M61.71M74.95M17.66M6.94M

enCore Energy Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.30
Price Trends
50DMA
3.99
Positive
100DMA
3.83
Positive
200DMA
3.36
Positive
Market Momentum
MACD
0.04
Positive
RSI
49.32
Neutral
STOCH
60.62
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 4.3 is below the 20-day moving average (MA) of 4.55, above the 50-day MA of 3.99, and above the 200-day MA of 3.36, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 49.32 is Neutral, neither overbought nor oversold. The STOCH value of 60.62 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

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$15.17B7.614.09%5.20%3.87%-62.32%
$760.40M339.81-0.66%14.29%-116.45%
C$785.84M-8.77-22.78%29.59%-86.53%
C$199.82M-4.56%72.48%
C$106.16M-17.08%40.27%
$152.43M-6.69%-326.75%
C$186.51M-27.38%-222.48%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:EU
enCore Energy
4.30
-0.74
-14.68%
TSE:AEC
Anfield Energy Inc
11.92
4.42
58.93%
TSE:FUU
F3 Uranium
0.17
-0.06
-27.66%
TSE:MGA
Mega Uranium
0.45
0.14
42.86%
TSE:URC
Uranium Royalty Corp
6.84
3.13
84.37%
TSE:SASK
Atha Energy Corp.
0.77
0.13
20.31%

enCore Energy Corporate Events

Executive/Board ChangesLegal Proceedings
enCore Energy Settles with Former CEO Goranson
Neutral
Oct 17, 2025

On October 10, 2025, enCore Energy Corp. entered into a Confidential Settlement and General Release Agreement with its former CEO, William Paul Goranson. The agreement includes a payment of $922,033.62 to Mr. Goranson, covering a settlement payment, attorneys’ fees, and COBRA coverage costs from April to October 2025. Additionally, the company will subsidize COBRA premiums for up to 17 months starting in November 2025, unless Mr. Goranson becomes eligible for another group health plan or revokes the agreement. The agreement also includes non-disparagement and non-solicitation provisions.

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.

Business Operations and StrategyProduct-Related Announcements
enCore Energy Unveils New Uranium Discoveries at Alta Mesa Project
Positive
Oct 15, 2025

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.

Business Operations and StrategyProduct-Related Announcements
enCore Energy Unveils New Uranium Discoveries at Alta Mesa Project
Positive
Oct 15, 2025

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.

Business Operations and StrategyExecutive/Board Changes
enCore Energy Appoints New Senior Vice President
Neutral
Oct 10, 2025

On October 6, 2025, enCore Energy Corp. appointed Janet Lee-Sheriff as Senior Vice President – Strategic Initiatives. Her compensation package includes a $150,000 annual salary, an annual bonus opportunity, and a sign-on bonus of restricted stock units and stock options. Ms. Lee-Sheriff is the spouse of the Executive Chairman, which may have implications for the company’s governance dynamics.

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.

Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
enCore Energy Strengthens Leadership with Key Appointment
Positive
Oct 1, 2025

enCore Energy Corp. has appointed Ms. Ashley Forbes as Vice President of Permitting and Regulatory Affairs, a move that aligns with the federal government’s approval to fast-track permitting for the Dewey Burdock In-Situ Recovery Uranium Project. Ms. Forbes brings over 25 years of experience as an environmental regulator, which will be crucial as enCore advances its projects across multiple jurisdictions, strengthening its development pipeline and enhancing its industry positioning.

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.

Business Operations and StrategyExecutive/Board Changes
enCore Energy Corp. Appoints Robert Willette as CEO to Lead Growth
Positive
Sep 24, 2025

enCore Energy Corp. has appointed Mr. Robert Willette as its Chief Executive Officer after serving as Acting CEO. Willette’s extensive experience in corporate law and the oil and gas industry, along with his proven leadership during his tenure as Acting CEO, were key factors in his selection. This leadership change is expected to guide enCore through its aggressive growth phase, benefiting stakeholders and reinforcing its position in the clean energy sector.

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.

Business Operations and StrategyLegal ProceedingsRegulatory Filings and Compliance
enCore Energy’s Dewey Burdock Project Advances with EPA Approval
Positive
Sep 16, 2025

enCore Energy Corp. announced that the U.S. Environmental Protection Agency’s Environmental Appeals Board has denied a petition challenging the issuance of permits for its Dewey Burdock ISR Uranium Project in South Dakota. This decision allows the project to advance through federal permitting, moving it closer to development and reinforcing enCore’s strategy to strengthen domestic uranium production. The ruling confirms the validity of enCore’s permits, which are essential for the project’s operations, and highlights the company’s role in supporting America’s clean energy goals.

The most recent analyst rating on (TSE:EU) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
enCore Energy Appoints New Chief Financial Officer
Positive
Sep 10, 2025

On September 10, 2025, enCore Energy Corp. announced the appointment of Kevin Kremke as Chief Financial Officer, effective October 1, 2025. Mr. Kremke, a seasoned finance executive with extensive experience in corporate finance, capital markets, and strategic planning, is expected to bolster enCore’s growth strategy and enhance shareholder value. His appointment includes a comprehensive employment agreement with a base salary, bonus eligibility, and stock options, reflecting the company’s commitment to attracting top talent to support its aggressive growth plans.

The most recent analyst rating on (TSE:EU) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
enCore Energy’s Dewey Burdock Project Gains Fast-41 Approval
Positive
Sep 2, 2025

On September 2, 2025, enCore Energy Corp. announced that its Dewey Burdock ISR Uranium Project in South Dakota has been approved for the U.S. Government’s Fast-41 Program, which accelerates the permitting process for critical mineral projects. This approval supports the U.S. focus on domestic uranium production, providing clean energy through environmentally responsible ISR technology. The project, which received its initial license in 2014, aims to advance into development and operation, contributing to the U.S. nuclear fuel supply chain and offering economic benefits to South Dakota.

The most recent analyst rating on (TSE:EU) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
enCore Energy Announces Board Resignation
Neutral
Aug 30, 2025

enCore Energy Corp. announced the resignation of Ms. Stacy Nieuwoudt from its Board of Directors, clarifying that her departure was not due to any disagreements with the company’s operations or policies. This change in the board is not expected to impact the company’s strategic direction or its ongoing projects, as enCore continues to focus on its expansion plans and collaboration with local communities.

The most recent analyst rating on (TSE:EU) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
enCore Energy Completes $115 Million Convertible Notes Offering
Positive
Aug 22, 2025

enCore Energy Corp. has successfully completed an upsized offering of $115 million in Convertible Senior Notes due 2030, with a conversion rate that initially represents a 27.5% premium over the last reported share price. The proceeds, amounting to approximately $109.8 million after expenses, will be used for capped call transactions, loan repayments, and general corporate purposes, potentially strengthening enCore’s financial position and supporting its growth initiatives in the uranium industry.

The most recent analyst rating on (TSE:EU) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on enCore Energy stock, see the TSE:EU Stock Forecast page.

Private Placements and Financing
enCore Energy Upsizes Convertible Notes Offering to $100 Million
Positive
Aug 20, 2025

enCore Energy Corp. announced the pricing of an upsized $100 million convertible senior notes offering, increased from the initially planned $75 million. The proceeds will be used for capped call transactions, debt repayment, and general corporate purposes, potentially enhancing enCore’s financial flexibility and market position.

The most recent analyst rating on (TSE:EU) stock is a Hold 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.

Business Operations and StrategyPrivate Placements and Financing
enCore Energy Announces $75 Million Convertible Notes Offering
Positive
Aug 19, 2025

enCore Energy Corp. announced a proposed private offering of $75 million in convertible senior notes due 2030, with an option for initial purchasers to buy an additional $11.25 million. The proceeds will be used for capped call transactions to mitigate share dilution and to repay existing loans, enhancing the company’s financial flexibility and market positioning.

The most recent analyst rating on (TSE:EU) stock is a Hold 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.

Business Operations and StrategyM&A Transactions
enCore Energy Expands Alta Mesa Uranium Project with Strategic Land Acquisition
Positive
Aug 18, 2025

enCore Energy Corp. has announced the acquisition of a 5,900-acre parcel of land, Tacubaya, which is adjacent to its Alta Mesa Uranium Project in Texas. This strategic acquisition is expected to enhance the longevity and productivity of the Alta Mesa Central Processing Plant by providing additional uranium feed. The company plans to begin an aggressive exploration program, leveraging historical data from Chevron’s late 1970s discoveries. This expansion is part of enCore’s ongoing efforts to increase uranium extraction, positioning the company to strengthen its market presence and operational capacity.

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.

Executive/Board Changes
enCore Energy Appoints New Financial Officer
Neutral
Aug 14, 2025

On August 14, 2025, enCore Energy Corp. appointed Robert Willette as the principal financial officer and principal accounting officer while the company searches for a new Chief Financial Officer. Mr. Willette, who has been the Acting CEO since March 2025 and Chief Legal Officer since February 2024, brings extensive experience from his previous roles at ProFrac Holdings Corp. and CARBO Ceramics, Inc.

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.

Business Operations and StrategyFinancial Disclosures
enCore Energy Boosts Uranium Output and Cuts Costs in Q2 2025
Positive
Aug 11, 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.

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.Date of analysis: Oct 31, 2025