Loading...
STGO logo

Steppe Gold Ltd.TSX:STGO Stock Report

Market Cap CA$305.9m
Share Price
CA$1.21
CA$25
95.2% undervalued intrinsic discount
1Y17.5%
7D4.3%
1D
Portfolio Value
View

Steppe Gold Ltd.

TSX:STGO Stock Report

Market Cap: CA$305.9m

Steppe Gold (STGO) Stock Overview

Engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru. More details

STGO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

STGO Community Fair Values

Create Narrative

See what 45 others think this stock is worth. Follow their fair value or set your own to get alerts.

Steppe Gold Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Steppe Gold
Historical stock prices
Current Share PriceCA$1.21
52 Week HighCA$2.43
52 Week LowCA$1.07
Beta0
1 Month Change-6.92%
3 Month Change-33.52%
1 Year Change17.48%
3 Year Changen/a
5 Year Changen/a
Change since IPO95.16%

Recent News & Updates

Narrative Update May 28

(Deep Dive) From Mongolian Producer to Gold Powerhouse: Why Steppe Gold Looks So Interesting

In this video, we break down why Steppe Gold is becoming a fascinating producer-growth story. We cover Boroo and Ulaanbulag as the current cash-flow base, ATO Phase 2 as the major expansion catalyst, and why full exposure to higher gold prices could reshape the company’s upside.
Analysis Article May 22

Steppe Gold's (TSE:STGO) Conservative Accounting Might Explain Soft Earnings

Steppe Gold Ltd.'s ( TSE:STGO ) earnings announcement last week didn't impress shareholders. Despite the soft profit...
New Narrative Apr 13

A case for Steppe Gold, bear case CAD $4, base case CAD $15, bull case CAD $25

Steppe Gold Ltd. (TSX: STGO) as of mid-April 2026 Steppe Gold is a Mongolia-based gold producer operating the ATO mine (oxide phase depleting), plus the integrated Boroo and Ulaanbulag mines acquired in 2024.

Recent updates

Narrative Update May 28

(Deep Dive) From Mongolian Producer to Gold Powerhouse: Why Steppe Gold Looks So Interesting

In this video, we break down why Steppe Gold is becoming a fascinating producer-growth story. We cover Boroo and Ulaanbulag as the current cash-flow base, ATO Phase 2 as the major expansion catalyst, and why full exposure to higher gold prices could reshape the company’s upside.
Analysis Article May 22

Steppe Gold's (TSE:STGO) Conservative Accounting Might Explain Soft Earnings

Steppe Gold Ltd.'s ( TSE:STGO ) earnings announcement last week didn't impress shareholders. Despite the soft profit...
New Narrative Apr 13

A case for Steppe Gold, bear case CAD $4, base case CAD $15, bull case CAD $25

Steppe Gold Ltd. (TSX: STGO) as of mid-April 2026 Steppe Gold is a Mongolia-based gold producer operating the ATO mine (oxide phase depleting), plus the integrated Boroo and Ulaanbulag mines acquired in 2024.
Analysis Article Dec 24

Steppe Gold Ltd. (TSE:STGO) Surges 29% Yet Its Low P/E Is No Reason For Excitement

Steppe Gold Ltd. ( TSE:STGO ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...
Analysis Article Jul 12

Steppe Gold (TSE:STGO) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article May 06

Steppe Gold Ltd.'s (TSE:STGO) Shares Bounce 26% But Its Business Still Trails The Market

The Steppe Gold Ltd. ( TSE:STGO ) share price has done very well over the last month, posting an excellent gain of 26...

Shareholder Returns

STGOCA Metals and MiningCA Market
7D4.3%6.5%0.4%
1Y17.5%95.3%32.9%

Return vs Industry: STGO underperformed the Canadian Metals and Mining industry which returned 95.3% over the past year.

Return vs Market: STGO underperformed the Canadian Market which returned 32.9% over the past year.

Price Volatility

Is STGO's price volatile compared to industry and market?
STGO volatility
STGO Average Weekly Movement8.7%
Metals and Mining Industry Average Movement11.6%
Market Average Movement10.2%
10% most volatile stocks in CA Market17.7%
10% least volatile stocks in CA Market3.8%

Stable Share Price: STGO has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: STGO's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a783Tserenbadam Dugereesteppegold.com

Steppe Gold Ltd. engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru. Its properties contain 100% owned Altan Tsagaan Ovoo property covering an area of approximately 5,492 hectares located in Ulaanbaatar, Mongolia; Boroo and Ulaanbulag mine property covering an area of approximately 6,594 hectares located in Mongolia. The company’s Uudam Khundii gold project covering 14,400 hectares located in Bayankhongor province, Mongolia.

Steppe Gold Ltd. Fundamentals Summary

How do Steppe Gold's earnings and revenue compare to its market cap?
STGO fundamental statistics
Market capCA$305.92m
Earnings (TTM)CA$62.53m
Revenue (TTM)CA$379.14m
4.9x
P/E Ratio
0.8x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
STGO income statement (TTM)
RevenueUS$274.94m
Cost of RevenueUS$115.42m
Gross ProfitUS$159.52m
Other ExpensesUS$114.17m
EarningsUS$45.35m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin58.02%
Net Profit Margin16.49%
Debt/Equity Ratio69.8%

How did STGO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/31 00:39
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Steppe Gold Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan GuyHannam & Partners (Advisory) LLP