IMPORTANT DISCLAIMER: Blank Capital Research ("BCR") is a technology platform, not a registered investment advisor or broker-dealer. The algorithmically generated signals, scores, and rankings provided on this site ("God Mode" Signals) are for informational and research purposes only and do not constitute financial advice, investment recommendations, or an offer to sell or solicit an offer to buy any securities.
HYPOTHETICAL PERFORMANCE RESULTS: The "timing scores" and "regime signals" displayed are based on quantitative models. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.
RISK OF LOSS: Trading in financial markets involves a high degree of risk and may result in the loss of your entire investment. Data provided by third-party sources (Intrinio, Snowflake) is believed to be reliable but is not guaranteed for accuracy or completeness. Past performance is not indicative of future results.
© 2026 Blank Capital Research. All rights reserved. System Version: Aegis V8 (God Mode).
Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#4731
Positioning
Market Dominance
Mining
Non-Metallic And Industrial Metal Mining
$601M
N/A
N/A
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$VALE Vale S.A. | 75 | 88 | 93 | 67 | - | - | 15.8% | 6.9% | 36.6% | 22.8% | 15.9% | -8.9% | 0.0% | 0.0x | $38.7B | VS | |
$SU SUNCOR ENERGY INC | 74 | 87 | 90 | 53 | - | - | 13.1% | 6.5% | 58.3% | 18.4% | 11.0% | -3.6% | 4.9% | 29.0x | $46.0B | VS | |
$TRX TRX GOLD Corp | 72 | 83 | 77 | 96 | - | - | 10.7% | 6.1% | 41.5% | 27.8% | 11.4% | 40.0% | 0.0% | 2.0x | $104M | VS | |
$ORLA Orla Mining Ltd. | 72 | 94 | 83 | 78 | - | - | 19.6% | 15.7% | 74.8% | 47.5% | 26.2% | 47.2% | 0.0% | 0.0x | $1.7B | VS | |
$KGC KINROSS GOLD CORP | 71 | 83 | 89 | 79 | - | - | 15.1% | 9.3% | 37.8% | 31.6% | 20.0% | 21.3% | 1.3% | 21.0x | $11.4B | VS | |
$AEM AGNICO EAGLE MINES LTD | 71 | 80 | 80 | 71 | - | - | 9.4% | 6.5% | 60.5% | 36.0% | 22.9% | 25.0% | 2.0% | 6.0x | $38.9B | VS | |
$RIO RIO TINTO PLC | 70 | 76 | 84 | 64 | - | - | 20.3% | 11.2% | 23.0% | 20.1% | 23.1% | -1.3% | 11.2% | 26.0x | $93.8B | VS | |
$IAG IAMGOLD CORP | 70 | 71 | 82 | 89 | - | - | 29.9% | 17.1% | 33.7% | 57.8% | 51.9% | 65.4% | 0.0% | 34.0x | $2.5B | VS | |
$NGD New Gold Inc. /FI | 70 | 76 | 67 | 92 | - | - | 11.1% | 4.8% | 52.8% | 19.7% | 11.1% | 17.5% | 0.0% | 38.0x | $1.7B | VS | |
$PDS PRECISION DRILLING Corp | 70 | 77 | 90 | 65 | - | - | 6.6% | 3.6% | 34.4% | 11.0% | 5.9% | -10.0% | 0.0% | 52.0x | $876M | VS | |
$EU enCore Energy Corp. | 26 | 23 | 22 | 26 | - | - | -9.2% | -5.8% | 43.8% | -158.2% | -72.0% | -4.1% | 0.0% | 39.0x | $601M | ||
| SECTOR BENCH | - | - | - | - | - | 13.7x | 5.2x | 4.0% | 3.9% | 43.2% | 12.2% | 6.2% | 2.6% | 0.0% | 0.3x | - | REF |
enCore Energy Corp. (EU) receives a "Avoid" rating with a composite score of 26.2/100. It ranks #4731 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
Sign in to join the discussion.
YOY expansion rate
Core pricing power
Operating efficiency
Bottom-line conversion
Equity capital efficiency
Asset base utilization
Financial leverage load
Direct cash return
N/A
Chief Executive Officer
23
26
18
Audit Verdict: Lower quality and stability scores may indicate governance concerns.
No recent insider transactions available for EU
Lagging peers — losers tend to keep underperforming
Expensive relative to fundamentals — limited margin of safety
Weak fundamentals — higher risk of value trap
High volatility — wider range of outcomes increases timing risk
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
Get full access to institutional-quality research tools with Blank Capital Pro.
Upgrade to ProStarting at $19.99/mo
Relative valuation derived from Mining sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for EU.
View All RatingsHigh margin volatility — erratic forensic earnings quality
| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 23 | 11 | +12ALPHA |
| MOMENTUM | 26 | 18 | +8ALPHA |
| VALUATION | 22 | 12 | +10ALPHA |
| INVESTMENT | 26 | 19 | +7ALPHA |
| STABILITY | 18 | 7 | +11ALPHA |
| SHORT INT | 21 | 5 | +16ALPHA |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC -63.8% vs WACC 8.1% (spread -71.9%)
GM 44% vs sector 43%, OM -158% vs sector 12%
Capital turnover 0.51x
Rev growth -4%, 4yr history
Interest coverage -13.3x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
Our quantitative model flags enCore Energy Corp. with an Avoid rating, assigning a composite score of 26.2/100 and 1 out of 5 stars. Ranked #4731 of 7,333 stocks, EU falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
enCore Energy Corp. registers a weak quality score of just 23/100, indicating significant profitability challenges. The company reports a return on equity of -9.2% (sector avg: 4.0%), gross margins of 43.8% (sector avg: 43.2%), net margins of -72.0% (sector avg: 6.2%). Low quality scores are often associated with businesses in turnaround mode, early-stage growth, or structurally challenged industries.
EU registers a value score of just 22/100, suggesting the stock trades at a significant premium to its fundamental metrics. Key valuation metrics include a P/B ratio of 1.77x. High-premium valuations like this require strong future execution to avoid multiple compression, and downside risk is elevated if growth disappoints.
enCore Energy Corp.'s investment score of 26/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -4.1% vs. a sector average of 2.6% and a return on assets of -5.8% (sector: 3.9%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
enCore Energy Corp. is experiencing notably weak momentum with a score of just 26/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at -4.1% year-over-year, while a beta of 1.52 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
enCore Energy Corp. registers a low stability score of 18/100, indicating high volatility and potentially stressed financial conditions. Key stability metrics include a beta of 1.52 and a debt-to-equity ratio of 39.00x (sector avg: 0.3x). Stocks at this level carry elevated capital loss risk and may be unsuitable for conservative portfolios without careful risk management.
enCore Energy Corp.'s short interest score of 21/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include high market sensitivity (beta: 1.52), elevated leverage (D/E: 39.00x), small-cap liquidity risk. At $601M (small-cap), EU carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
enCore Energy Corp. is a small-cap company in the Mining sector, ranked #0 of 50 in its sector (100th percentile) and #4731 of 7,333 overall (35th percentile). Key comparisons include ROE of -9.2% trailing the 4.0% sector median and operating margins of -158.2% below the 12.2% sector average. This top-quartile standing reflects exceptional competitive strength relative to Mining peers.
While EU currently exhibits a AVOID profile, superior opportunities exist within the MINING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Mining Alpha →Quant Factor Profile
Upgrade catalyst
Improvement in Stability (18) would have the largest impact on the composite score.
ROE 332% BELOW SECTOR MEDIAN
Gross Margin IN LINE WITH SECTOR BENCHMARKS
Op. Margin 1393% BELOW SECTOR MEDIAN
AUDIT DATA AS OF SEP 30, 2025 (Q2 FY2025)
We rate enCore Energy Corp. (EU) as Avoid with a composite score of 26.2/100 at a current price of $2.67. The stock falls in the bottom quintile of our universe across key quantitative factors, and the multi-factor weakness suggests a high probability of continued underperformance.
The rating is primarily driven by strength in momentum (26th percentile) and investment (26th percentile), which together account for the majority of the composite score. Offsetting weakness in stability (18th percentile) and value (22th percentile) tempers our overall conviction. We assign a No Moat rating (13/100), Very High uncertainty, and Poor capital allocation.
Key items to watch: momentum to confirm whether the current price trend has legs; the path to profitability; valuation compression risk if growth disappoints. Any material change in these dynamics could warrant a reassessment of our rating. The moat trend is stable, which suggests the competitive landscape is stable for now.
enCore Energy Corp. holds a top-quartile position (#0 of 50) within the Mining sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 26.2/100 places it at rank #4731 in our full 7,333-stock universe. At $601M in market capitalization, enCore Energy Corp. is a small-cap player in the Mining space, which limits certain scale advantages but may allow for more agile strategic execution.
Revenue contraction of -4% combined with momentum at the 26th percentile paints a cautious picture of the near-term business outlook. The market appears to be pricing in continued challenges, and a catalyst for reversal is not clearly visible from current data.
The margin cascade tells an important story: gross margins of 44% (+0.7pp vs sector) narrow to operating margins of -158% (-170.4pp vs sector) and net margins of -72.0%, yielding a gross-to-net conversion rate of -164%. The significant margin erosion from gross to net suggests elevated operating expenses, high interest costs, or other structural drags that warrant monitoring.
At a current price of $2.67, enCore Energy Corp. is trading at a premium to fundamental value. Our value factor score of 22/100 reflects a composite assessment across multiple valuation metrics including price-to-earnings, price-to-book, EV/EBITDA, and price-to-sales ratios relative to both sector peers and the broader market. The premium valuation implies the market is pricing in significant future growth or quality improvements that are not yet fully reflected in current fundamentals.
The stock currently trades at P/B of 1.8x, P/S of 13.8x. We evaluate these multiples in the context of both absolute levels and sector-relative positioning to form our valuation view.
Gross margins of 44% signal strong pricing power and brand/IP advantages — businesses with margins above 40% have historically demonstrated more resilient earnings through economic cycles.
The Avoid rating (composite 26.2/100) reflects multi-factor weakness, and historically, stocks in this scoring range have underperformed the market by a meaningful margin.
Revenue decline of -4% signals business deterioration — declining revenues make it difficult to grow into the current valuation and often precede further negative revisions.
Thin net margins of -72.0% provide limited cushion against cost pressures, competitive pricing, or macroeconomic headwinds — even small changes in costs could swing the company to a loss.
Weak momentum (26th percentile) suggests institutional selling pressure and unfavorable technical dynamics that may persist.
We assign a Very High uncertainty rating to enCore Energy Corp.. The stock exhibits multiple compounding risk factors: elevated market sensitivity (beta of 1.52), current negative profitability (net margin -72.0%), below-average price stability (18th percentile). The extreme uncertainty around future cash flows makes precise valuation difficult, and the range of outcomes is exceptionally wide. Only investors with high risk tolerance and extended time horizons should consider this name.
Specific risk factors that inform our assessment include: elevated market sensitivity (beta of 1.52); current negative profitability (net margin -72.0%); below-average price stability (18th percentile); weak quality scores (23th percentile). Each of these factors independently widens the distribution of potential outcomes, and in combination they create a risk profile that demands careful position sizing. The stability factor at the 18th percentile and quality factor at the 23th percentile provide a quantitative summary of the overall risk landscape.
Key risk mitigants include: healthy gross margins of 44% provide a buffer against cost pressures. These factors partially offset the identified risks and provide downside protection in adverse scenarios. On balance, the risk-reward profile warrants caution and disciplined position management.
We rate enCore Energy Corp.'s capital allocation as Poor. Key concerns include low returns on equity (-9.2%), negative profitability, weak asset returns (ROA -5.8%). Exemplary capital allocators generate ROE above 20% and maintain conservative leverage — enCore Energy Corp. significantly underperforms these benchmarks, raising questions about management's ability to create shareholder value.
Investors should scrutinize management's reinvestment decisions and balance sheet trajectory before committing capital. Poor capital allocation often compounds over time: overlevered balance sheets limit strategic flexibility, while low returns on capital destroy shareholder value. We would need to see sustained improvement in profitability metrics and balance sheet discipline before considering an upgrade.
In summary, enCore Energy Corp. receives a Avoid rating with a composite score of 26.2/100 (rank #4731 of 7,333). Our quantitative framework assigns a No Moat (13/100, trend: stable), Very High uncertainty, and Poor capital allocation. The average factor score across quality, value, momentum, stability, and investment is 23/100.
Our analysis does not support a constructive view on enCore Energy Corp. at this time. The combination of limited competitive advantages, very high uncertainty, and poor capital allocation suggests unfavorable risk-reward at current levels. We recommend investors avoid new positions and existing holders consider reducing exposure.
Analysis derived from Blank Capital Research quantitative terminal. For informational purposes only. No trade solicitation. Past performance not indicative of future results. Consult a qualified advisor.
We do not assign enCore Energy Corp. a meaningful economic moat, scoring 13/100 on our composite assessment. The ROIC-WACC spread of -71.9% is the primary signal of economic value creation. Current fundamentals do not demonstrate the kind of durable competitive advantages — such as superior returns on invested capital, margin superiority, or reinvestment efficiency — that would protect the company from competitive erosion over the long term. The highest-scoring pillar, financial resilience, reached only 5.6/20.
The strongest moat sources are financial resilience (5.6/20) and margin superiority (4.1/20). Interest coverage -13.3x. GM 44% vs sector 43%, OM -158% vs sector 12%. These pillars form the core of enCore Energy Corp.'s competitive identity and are the primary drivers of excess returns in our framework.
Areas of relative weakness include economic value creation (0/20) and reinvestment efficiency (0/20). ROIC -63.8% vs WACC 8.1% (spread -71.9%). Improvement in these areas could meaningfully widen the moat over time, while deterioration would be an early warning of competitive erosion.
Our moat trend assessment is Stable. Multi-year ROIC and operating margin trajectories show neither meaningful improvement nor deterioration, suggesting the competitive position is steady. We expect enCore Energy Corp.'s moat profile to remain largely unchanged absent a material shift in return on capital or industry dynamics.
Key profit drivers include gross margins of 44% providing a solid profitability foundation, declining revenues (-4%) that pressure the earnings outlook. The margin cascade from 44% gross to -158% operating to -72.0% net reveals the company's cost structure and reinvestment intensity. Our analysis indicates that profit quality raises some durability concerns, with the quality factor at the 23th percentile.
The margin profile shows gross margins of 44%, operating margins of -158%, net margins of -72.0%. Return metrics include ROE of -9.2% and ROA of -5.8%. Relative to the Mining sector, gross margins are 0.7 percentage points above the sector median of 43%, and ROE of -9.2% compares to a sector median of 4.0%.
The balance sheet reflects moderate leverage with D/E of 39%, revenue growth of -4%. The sector median D/E is 0%, putting enCore Energy Corp. at higher leverage than the typical peer. Overall balance sheet health is adequate for the current business environment.
Below-average quality (23th percentile) raises durability concerns about the fundamental profile and increases the risk of negative earnings surprises.
Above 50MA
37.18%
Net New Highs
+51081
enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), America's Clean Energy Company™, announced that the Company expects to distribute common shares of Verdera Energy Corp. ("Verdera") to its shareholders after the effectiveness of Verdera's resale registration statement and will announce a record date prior to any such distribution.
The dollar languished on Tuesday as Asian markets weighed the fallout on global trade from renewed turbulence over U.S. President Donald Trump's tariff regime.
Verdera Energy Corp. (TSXV: V) ("Verdera" or the "Company") announced that effective today, Tuesday, February 24, 2026, the common shares of the Company will commence trading on the TSX Venture Exchange ("TSXV") under ticker symbol "V" and CUSIP number 92339J107.
The Schall Law Firm is reminding EU investors of the opportunity to lead a securities fraud lawsuit against enCore Energy Corp. for making false and misleading statements about its financial reporting during the class period.