enCore Energy
Produces uranium through in-situ recovery operations in the United States.
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Profile
Uranium extraction, recovery and sales are carried out through a U.S. portfolio developed through acquisitions and partnerships. Rosita and Alta Mesa have entered production, while exploration, permitting and development remain part of the same reportable business.
Uranium extraction, recovery and sales form the single reportable business, alongside exploration, permitting and development of mineral properties. Operations center on U.S. in-situ recovery, or ISR, assets, with Rosita and Alta Mesa in production.
The portfolio was assembled through a focused sequence of acquisitions and partnerships, including Azarga Uranium and the Alta Mesa and Mesteña Grande interests. That buildout brought ISR opportunities in Texas, Wyoming and South Dakota under one operating structure.
Production is tied to the operation, permitting and development of mineral properties, while the company remains a dual Nasdaq and TSX Venture issuer.
Company facts
Key statistics
Year to date −52.8% · Average volume (30d) 3.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Aug 14, 2026 | H.C. Wainwright | Target | $3.75 | $3.50 |
| May 18, 2026 | Northland Securities | Target | $3.50 | $3.75 |
| May 15, 2026 | H.C. Wainwright | Target | $7 | $3.75 |
| Mar 9, 2026 | Cantor Fitzgerald | Target | $5 | |
| Jan 6, 2026 | Northland Securities | Target | $3.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.10 | −$0.14 | −40.0% | $13.5M | $15.7M | +16.6% | −17.39% |
| May 14, 2026Q1 FY26 | −$0.06 | −$0.09 | −50.0% | $15.1M | $18.3M | +21.1% | −6.17% |
| Mar 9, 2026Q4 FY25 | −$0.05 | −$0.09 | −76.6% | $11.9M | $12.4M | +4.1% | +4.59% |
| Nov 10, 2025Q3 FY25 | −$0.10 | −$0.07 | +28.6% | $15.2M | $8.9M | −41.4% | −3.27% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $18.2M | $3.7M | $8.9M | $12.4M | $18.3M | $15.7M | |
| Gross profit | −$23.0K | $1.1M | $3.9M | $4.7M | −$64.0K | −$2.6M | |
| Operating income | −$15.6M | −$19.3M | −$14.0M | −$16.8M | −$24.5M | −$29.5M | |
| Net income | −$24.2M | −$6.3M | −$4.8M | −$21.5M | $5.4M | −$41.4M | |
| Diluted EPS | −$0.13 | −$0.03 | −$0.03 | −$0.12 | $0.03 | −$0.22 | |
| Gross margin | -0.1% | 30.8% | 43.8% | 37.9% | -0.3% | -16.4% | |
| Operating margin | -85.7% | -526.1% | -158.2% | -135.9% | -133.8% | -187.9% |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $5.5M · FY24 $58.3M · FY25 $43.2M
Balance sheet, Jun 30, 2026Cash & short-term investments $74.0M · Total debt $113.7M · Total assets $416.7M · Shareholders' equity $221.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 194.22M · Float 190.98M · 98.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Van Eck Associates Corp | 13.97M | 7.19% | 13F | May 15, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 13.09M | 6.74% | 13F | May 15, 2026 |
| Global X Management CO LLC | 12.95M | 6.67% | 13G | May 15, 2026 |
| BlackRock, Inc. | 10.37M | 5.34% | 13F | May 13, 2026 |
| Azarias Capital Management, L.P. | 5.07M | 2.61% | 13F | Apr 16, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Wayne W. Heili | director | +35,000 | $1.44 |
| Jun 11, 2026 | Mark S. Pelizza | director | +99,182 | $1.37 |
| Jun 12, 2026 | Mark S. Pelizza | director | +723 | $1.39 |
| Jun 9, 2026 | Richard H. Little | director, officer: Chief Executive Officer | +50,000 | $1.28 |
| May 18, 2026 | William M. Sheriff | director, officer: Executive Chairman | +75,000 | $1.48 |
Peers
- Uranium Energy
Direct U.S. ISR rival in South Texas and Wyoming
- Ur-Energy
U.S. ISR producer with Wyoming output and expansion
- Penumbra
Wyoming ISR uranium producer and U.S.-supply rival
- Energy Fuels
U.S. uranium producer with a standby Wyoming ISR platform
- Clear Channel Outdoor
Global uranium and fuel-services supplier to nuclear utilities
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| enCore Energy | $1.29 | +0.33% | $248.6M | — | — | 4.6 | +485.8% |
| Uranium Energy | $12.39 | −0.08% | $6.14B | — | — | 303.8 | −59.4% |
| Ur-Energy | $1.44 | +1.71% | $560.2M | — | — | 16.0 | +37.7% |
| Penumbra | $321.68 | −0.05% | $12.67B | 79.0 | 58.1 | 8.4 | +14.9% |
| Energy Fuels | $14.69 | +0.14% | $3.67B | — | — | 34.7 | +496.1% |
| Clear Channel Outdoor | $2.34 | −0.21% | $1.19B | — | — | 0.7 | +8.8% |
| Median | 79.0 | 58.1 | 16.0 | +14.9% |