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Updated 1m ago
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Steppe Gold Ltd.DB:2J9 Stock Report

Market Cap €297.5m
Updated 1m ago
Share Price
n/a
1Y11.2%
7D4.3%
1D0.3%
Portfolio Value
​
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Steppe Gold Ltd.

DB:2J9 Stock Report

Market Cap: €297.5m

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

Steppe Gold (2J9) Stock Overview

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

2J9 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 72.5% below our estimate of its fair value

Risk Analysis

Volatile share price over the past 3 months compared to the German market

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


2J9 Community Fair Values

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€
Current Price
€1.16140.8% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture0304m2016201920222025202620282031Revenue US$266.5mEarnings US$31.7m
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Steppe Gold Ltd. Competitors

Eisen- und Hüttenwerke

Symbol: DB:EIS
Market cap: €242.9m

Uzin Utz

Symbol: XTRA:UZU
Market cap: €355.1m

H&R GmbH KGaA

Symbol: XTRA:2HRA
Market cap: €264.3m

SIMONA

Symbol: DB:SIM0
Market cap: €438.0m

Price History & Performance

Summary of share price highs, lows and changes for Steppe Gold
Historical stock prices
Current Share PriceCA$1.16
52 Week HighCA$1.52
52 Week LowCA$0.66
Beta1.18
1 Month Change24.17%
3 Month Change46.33%
1 Year Change11.15%
3 Year Changen/a
5 Year Changen/a
Change since IPO177.22%

Recent News & Updates

Recent updates

Shareholder Returns

2J9DE Metals and MiningDE Market
7D4.3%6.9%-0.5%
1Y11.2%72.6%4.6%

Return vs Industry: 2J9 underperformed the German Metals and Mining industry which returned 72.6% over the past year.

Return vs Market: 2J9 exceeded the German Market which returned 4.6% over the past year.

Price Volatility

Is 2J9's price volatile compared to industry and market?
2J9 volatility
2J9 Average Weekly Movement8.2%
Metals and Mining Industry Average Movement8.0%
Market Average Movement5.0%
10% most volatile stocks in DE Market12.4%
10% least volatile stocks in DE Market2.5%

Stable Share Price: 2J9's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 2J9's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.

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?
2J9 fundamental statistics
Market cap€297.47m
Earnings (TTM)€31.14m
Revenue (TTM)€262.20m
9.0x
P/E Ratio
1.1x
P/S Ratio

Is 2J9 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2J9 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 2J9 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 23:50
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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