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Updated 7m ago
STGO logo

Steppe Gold Ltd.TSX:STGO Stock Report

Market Cap CA$477.8m
Updated 7m ago
Share Price
n/a
1Y1.7%
7D-3.2%
1D-5.3%
Portfolio Value
​
View

Steppe Gold Ltd.

TSX:STGO Stock Report

Market Cap: CA$477.8m

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Steppe Gold (STGO) Stock Overview

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

STGO fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 72.2% below our estimate of its fair value

Risk Analysis

Profit margins (11.9%) are lower than last year (28.5%)


STGO Community Fair Values

Create Narrative

See what 48 others think this stock is worth. Follow their fair value or set your own to get alerts.

Top Community Narratives

AG
Agricola
92.8% undervalued intrinsic discount
Agricola
•5mo ago

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

5k
0
29
RO
RockeTeller
92.6% undervalued intrinsic discount
RockeTeller
•3mo ago

Mongolia’s Gold Producer, 90,000 Oz Expansion Coming At Just $250M Market Cap

586
0
11

Top Community Narratives

AG
Agricola
92.8% undervalued intrinsic discount
Agricola
•5mo ago

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

5k
0
29
RO
RockeTeller
92.6% undervalued intrinsic discount
RockeTeller
•3mo ago

Mongolia’s Gold Producer, 90,000 Oz Expansion Coming At Just $250M Market Cap

586
0
11
View all narratives

Steppe Gold Ltd. Competitors

Lucara Diamond

Symbol: TSX:LUC
Market cap: CA$253.8m

Avino Silver & Gold Mines

Symbol: TSX:ASM
Market cap: CA$1.7b

Summit Royalties

Symbol: TSXV:SUM
Market cap: CA$163.7m

Sierra Madre Gold and Silver

Symbol: TSXV:SM
Market cap: CA$402.3m

Price History & Performance

Summary of share price highs, lows and changes for Steppe Gold
Historical stock prices
Current Share PriceCA$1.79
52 Week HighCA$2.43
52 Week LowCA$1.11
Beta1.18
1 Month Change17.76%
3 Month Change31.62%
1 Year Change1.70%
3 Year Changen/a
5 Year Changen/a
Change since IPO188.71%

Recent News & Updates

User avatar
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.

Recent updates

User avatar
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...
User avatar
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
7D-3.2%2.6%-0.1%
1Y1.7%54.2%23.9%

Return vs Industry: STGO underperformed the Canadian Metals and Mining industry which returned 54.2% over the past year.

Return vs Market: STGO underperformed the Canadian Market which returned 23.9% over the past year.

Price Volatility

Is STGO's price volatile compared to industry and market?
STGO volatility
STGO Average Weekly Movement9.0%
Metals and Mining Industry Average Movement10.9%
Market Average Movement9.4%
10% most volatile stocks in CA Market16.3%
10% least volatile stocks in CA Market3.7%

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/a783Bataa Tumur-Ochirsteppegold.com

Steppe Gold Ltd. engages in acquiring, exploring, developing, and operating of precious metal projects in Mongolia and Peru. It primarily explores gold and polymetallic deposits. The company holds 100% interest in the Altan Tsagaan Ovoo property covering an area of approximately 5,492 hectares located in Ulaanbaatar, Mongolia; and Boroo and Ulaanbulag mine property covering an area of approximately 6,594 hectares located in Mongolia.

Steppe Gold Ltd. Fundamentals Summary

How do Steppe Gold's earnings and revenue compare to its market cap?
STGO fundamental statistics
Market capCA$477.84m
Earnings (TTM)CA$50.03m
Revenue (TTM)CA$421.19m
9.0x
P/E Ratio
1.1x
P/S Ratio

Is STGO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
STGO income statement (TTM)
RevenueUS$304.46m
Cost of RevenueUS$117.22m
Gross ProfitUS$187.24m
Other ExpensesUS$151.08m
EarningsUS$36.16m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin61.50%
Net Profit Margin11.88%
Debt/Equity Ratio63.2%

How did STGO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 23:17
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
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
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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 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

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