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enCore Energy
(EU)
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Rating:42Neutral
Price Target:
C$1.50
▼(-21.05% 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
Revenue Scaling
Material revenue growth indicates expanding commercial activity and improving market reach. Sustaining this scale can provide a stronger foundation for operating leverage if production efficiency and uranium volumes improve.
Negative Factors
Persistent Losses
Deep operating and net losses show that revenue growth has not yet translated into a viable earnings model. The very low gross margin also limits the company’s ability to absorb execution costs and move toward breakeven.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scaling
Material revenue growth indicates expanding commercial activity and improving market reach. Sustaining this scale can provide a stronger foundation for operating leverage if production efficiency and uranium volumes improve.
Read all positive factors
enCore Energy (EU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$319.89M
Dividend YieldN/A
Average Volume (3M)455.36K
Price to Earnings (P/E)―
Beta (1Y)3.11
Revenue Growth21.99%
EPS Growth5.66%
CountryCA
Employees168
SectorGeneral
Sector StrengthN/A
IndustryUranium
Share Statistics
EPS (TTM)-0.34
Shares Outstanding194,280,980
10 Day Avg. Volume719,735
30 Day Avg. Volume455,361
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)2.02
Price to Sales (P/S)7.83
P/FCF Ratio-10.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.96Price Target Upside108.27% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.18
Revenue Forecast (FY)C$75.02M
enCore Energy Business Overview & Revenue Model
Company Description
enCore Energy Corp. is a U.S.-based company primarily engaged in the acquisition, exploration, and development of uranium resource properties. The firm maintains significant holdings across several key states. In New Mexico, enCore wholly owns the...
How the Company Makes Money
enCore Energy’s primary revenue model is expected to be (and to the extent it has begun production, is) the sale of uranium products into the nuclear fuel market, generally via: (1) Sales under uranium offtake contracts: The company can enter into...
enCore Energy Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
54
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.25M | 59.21M | 58.33M | 22.15M | 5.70M | 0.00 |
| Gross Profit | 5.94M | 13.30M | -7.21M | 2.58M | 2.14M | 0.00 |
| EBITDA | -54.72M | -68.40M | -67.59M | -16.88M | -30.34M | -7.46M |
| Net Income | -62.33M | -78.01M | -61.39M | -25.61M | -31.11M | -10.83M |
Balance Sheet | ||||||
| Total Assets | 416.67M | 430.42M | 392.72M | 326.57M | 300.34M | 159.36M |
| Cash, Cash Equivalents and Short-Term Investments | 74.03M | 95.99M | 63.75M | 24.38M | 7.62M | 9.19M |
| Total Debt | 113.67M | 113.25M | 20.44M | 19.71M | 242.43K | 249.51K |
| Total Liabilities | 171.50M | 172.04M | 74.18M | 64.60M | 11.39M | 10.27M |
| Stockholders Equity | 221.92M | 229.25M | 285.74M | 261.97M | 288.95M | 149.09M |
Cash Flow | ||||||
| Free Cash Flow | -64.75M | -44.99M | -56.55M | -30.71M | -107.62M | -6.64M |
| Operating Cash Flow | -49.87M | -24.99M | -45.20M | -22.99M | -92.98M | -3.97M |
| Investing Cash Flow | -55.59M | -46.22M | -29.99M | -64.62M | -16.41M | -6.05M |
| Financing Cash Flow | 96.14M | 84.74M | 107.42M | 45.90M | 100.71M | 14.09M |
enCore Energy Technical Analysis
Negative
1.90
Price Trends
1.74
Negative
2.04
Negative
2.76
Negative
Market Momentum
>-0.01
Negative
46.57
Neutral
37.99
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 1.9 is above the 20-day moving average (MA) of 1.71, above the 50-day MA of 1.74, and below the 200-day MA of 2.76, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.57 is Neutral, neither overbought nor oversold. The STOCH value of 37.99 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 |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | C$447.22M | -19.64 | -8.52% | ― | ― | -63.38% | |
45 Neutral | C$227.09M | 36.31 | 2.29% | ― | ― | ― | |
44 Neutral | C$94.78M | -32.61 | -3.66% | ― | ― | 87.89% | |
43 Neutral | C$116.71M | -3.54 | -56.83% | ― | ― | -79.39% | |
42 Neutral | C$319.89M | -3.64 | -25.71% | ― | 21.99% | 5.66% |
* General Sector Average
TSE:EU
enCore Energy
1.65
-1.60
-49.23%
TSE:AEC
Anfield Energy Inc
6.01
-1.45
-19.44%
TSE:FUU
F3 Uranium
0.15
-0.08
-34.78%
TSE:MGA
Mega Uranium
0.57
0.26
83.87%
TSE:SASK
Atha Energy Corp.
1.20
0.62
106.90%
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.