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enCore Energy rated Buy at $1.35 with Dewey Burdock license renewal; uranium price recovery key risk factor.

Analyst Insights
06 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

enCore Energy Corp. is rated a Buy at around $1.35 per share, supported by the renewal of its 20-year license for the Dewey Burdock uranium project. The stock offers significant upside potential if uranium prices recover, but risks remain due to the company's negative earnings and uncertainties specific to the project. Technical support at $1 per share is crucial; falling below this level could lead to institutional selling and further price declines. Uranium Royalty Company (UROY), which holds royalties on the Dewey Burdock project, is seen as a lower-risk uranium investment and remains attractive when priced below $4 per share.

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