Newcore Gold (STU:PI8) Moat Score: 2/10 (As of Jul. 23, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:PI8 Newcore Gold Ltd STU:PI8
37 GF Score
Price €0.18
! 2 Warning Signs
View Full Analysis

What is Newcore Gold Moat Score?

Newcore Gold STU:PI8 -1.90% 37 Moat Score is 2 as of Jul. 23, 2026. GuruFocus rates STU:PI8 with a GF Score™ of 37/100. The stock has 2 warning signs investors should review. Among 2,604 Metals & Mining companies, Newcore Gold ranks better than 83.26% on this metric.

Newcore Gold has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

Newcore Gold has No Moat: Newcore Gold operates in the gold mining sector with limited market share and lacks significant regulatory barriers or cost advantages. Its competitive position is weak and transient.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Newcore Gold might have No Moat - Very weak/transient advantages.

Newcore Gold  (STU:PI8) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Newcore Gold Moat Score Related Terms

STU:PI8 vs NEM, AU: Moat Score Comparison

For the Gold subindustry, Newcore Gold's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Newcore Gold Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newcore Gold's Moat Score distribution charts can be found below:

* The bar in red indicates where Newcore Gold's Moat Score falls into.


STU:PI8
37GF Score
Newcore Gold Ltd STU:PI8
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 2 mean?
Newcore Gold (STU:PI8) has a Moat Score of 2 as of Jul. 23, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Newcore Gold ranks #436 out of 2604 companies in the Metals & Mining industry, placing it in the top 16.7%.
Is Newcore Gold's Moat Score too high?
Newcore Gold's current Moat Score is 2. The Metals & Mining industry median Moat Score is 1.00. Newcore Gold's value of 2 is 100% above this industry median. Based on the distribution chart, Newcore Gold ranks #436 out of 2604 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Newcore Gold has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Newcore Gold's Moat Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Newcore Gold ranks #436 out of 2604 companies for Moat Score. This places Newcore Gold in the top 17% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Newcore Gold's value of 2 is 100% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,604 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Newcore Gold's current Moat Score of 2 is 100% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newcore Gold's current Moat Score is 2. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newcore Gold stock overvalued right now?
Newcore Gold (STU:PI8) has a current Moat Score of 2. The current Moat Score is 2 and 100% above the Metals & Mining industry median of 1.00. Newcore Gold's overall GF Score™ is 37/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Newcore Gold (STU:PI8), the current Moat Score is 2 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newcore Gold Business Description

Other Exchanges NCAUF:USANCAU:Canada
Address 1560 - 200 Burrard Street, Vancouver, BC, CAN, V6C 3L6
Newcore Gold Ltd is a gold exploration and development company advancing the Enchi Gold Project in southwest Ghana. It has one segment, the acquisition, exploration, evaluation, and development of mineral resource properties.
37GF Score

Get the complete analysis for STU:PI8

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.18
Price