All 8 Analysts Covering IsoEnergy Rate It Buy With Targets Above the C$13.19 Close

• All 8 analysts covering IsoEnergy rate the stock Buy.
• Targets range from C$19.00 at TD Cowen to C$27.15 at Red Cloud Securities.
• IsoEnergy shares closed at C$13.19 on September 28, 2026, for a basic market capitalization of C$861.0 million.
• IsoEnergy held about C$70.9 million in cash and C$46.0 million in equity holdings, and owns 33% of DISA Uranium.
• Summer drilling intersected strongly elevated radioactivity over a strike length of 600 meters (m) along the Hurricane South Trend, with assays pending.

IsoEnergy (NYSE American: ISOU | TSX: ISO) is covered by 8 analysts, and all 8 rate the stock Buy. Their targets run from C$19.00 to C$27.15 per share, against a closing share price of C$13.19 on all Canadian exchanges on September 28, 2026. The company has uranium assets in Canada, the US, and Australia, led by the Hurricane deposit at Larocque East in Saskatchewan's Athabasca Basin. It also owns 33% of DISA Uranium, a US uranium company that owns its former Utah mines.

Analyst Ratings & Targets

Red Cloud Securities has the highest target at C$27.15, with Stifel Institutional at C$27.00 and RBC at C$25.00. Canaccord Genuity has a C$24.00 target, SCP Resource Finance C$22.75, and Haywood Securities C$22.00.

National Bank and TD Cowen have the 2 lowest targets at C$20.00 and C$19.00, respectively. None of the 8 ratings or targets is dated.

Hurricane & the Eastern Athabasca Basin 

Hurricane, at IsoEnergy's Larocque East project, hosts a current indicated resource of 48.6 million pounds of uranium oxide at 34.5% uranium oxide. A further 2.7 million pounds at 2.2% uranium oxide is in the inferred category. The estimate has an effective date of July 8, 2022.

The deposit lies about 40 kilometers northwest of the McClean Lake mill, with mineralization at about 325 meters (m) depth. Beyond Hurricane, the portfolio includes historical resources of 231.4 million pounds measured and indicated and 101.0 million pounds inferred on an attributable basis, which IsoEnergy does not treat as current mineral resources.

Balance Sheet & the DISA Uranium Stake  

IsoEnergy held about C$70.9 million in cash and equivalents, based on its June 30, 2026, disclosure, adjusted for its investment in DISA Uranium but not for expenses of the DISA Uranium transaction. Its equity holdings, including a position in NexGen Energy, were valued at about C$46.0 million. The company also has C$5.7 million of convertible debentures, convertible at C$17.32 per share and maturing on December 6, 2027, and C$35.6 million of potential cash from dilutive securities. 

The DISA Uranium stake comes from a transaction that closed on August 19, 2026, alongside a concurrent US$105 million financing, which implied a pro forma fully diluted equity value of US$505 million. DISA Uranium owns the Tony M, Daneros, and Rim mines, as well as the Sage Plain and Flatiron projects in Utah, a portfolio with key state and operating permits in place. It also uses High-Pressure Slurry Ablation, a mechanical process that separates a higher-grade concentrate from lower-grade material before it is sent for processing.

Chief Executive Officer of IsoEnergy, Philip Williams, sees room for the DISA Uranium holding to gain value from its financing price:

"So we obviously see a lot of upside as this business moves forward."

IsoEnergy is DISA Uranium's largest shareholder, with 2 seats on its board. 

What the Analyst Coverage Means for Investors

For investors, the lowest target in the coverage, TD Cowen's C$19.00, is above the C$13.19 close of September 28, 2026, as is every other target on the list. No firm's valuation method or asset breakdown appears alongside its target. 

Williams compared the DISA Uranium valuation with analyst target prices after the deal was announced and before the transaction closed:

"And so I think that value being ascribed to the cash plus the assets is greater than we know, it's greater than what analysts have been valuing those assets for in their target prices and what we think the market is paying for." 

The coverage list does not show whether any firm changed its target after the transaction closed on August 19, 2026. 

Capitalization & Shareholders

At the September 28, 2026, close, IsoEnergy had 65.3 million basic shares outstanding, for a basic market capitalization of C$861.0 million. On a fully diluted in-the-money basis, the share count is 68.3 million. NexGen Energy owns 27.8% of the company.

South Trend Drilling & Resource Context    

IsoEnergy completed 10,159 m in 26 holes at Larocque East over the summer, expanded from a planned 8,000 m, 20-hole program. The 2026 total reached 16,963 m in 43 holes as of September 8, 2026. The drilling intersected strongly elevated radioactivity over a 600 m strike length along the Hurricane South Trend. Of the 26 holes, 18 returned intervals at or above 350 counts per second over 0.5 m, 13 returned 1,000 counts per second or more, and 3 returned more than 35,000 counts per second.

Radioactivity measured on drill core indicates uranium content but may not correlate with chemical assays. All summer samples were submitted to SRC Geoanalytical Laboratories, and results will be reported when available.

Speaking before the summer program finished, Williams drew a line between an extension and a new deposit:

"I think it's too early to say whether there's a second Hurricane. Definitely, this looks like an extension of the resource."

The assays, together with geological observations from drill core, will shape how IsoEnergy defines its 2027 drill targets at Hurricane.

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