Steppe Gold (STGO) AI Stock Analysis

• Market Cap: $495.54M
• Dividend Yield: N/A
• Average Volume (3M): 511.15K
• Price to Earnings (P/E): 5.6
• Beta (1Y): 1.28
• Revenue Growth: 104.75%
• EPS Growth: N/A
• Country: CA
• Employees: 275
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.04
• Shares Outstanding: 252,827,200
• 10 Day Avg. Volume: 676,656
• 30 Day Avg. Volume: 511,149
• PEG Ratio: <0.01
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.45
• P/FCF Ratio: 1.19
• Enterprise Value/Market Cap: 0.79
• Enterprise Value/Revenue: 2.64
• Enterprise Value/Gross Profit: 5.38
• Enterprise Value/Ebitda: 4.26
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: C$2.00 ▲(14.94% Upside)

Steppe Gold's overall stock score is driven by strong financial performance and attractive valuation, suggesting potential value. However, technical indicators show bearish momentum, which could pose short-term risks. The absence of earnings call and corporate events data limits the analysis to financial and market metrics.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a positive business trajectory and expanding market presence, which supports long-term financial stability.

Cash Flow Management

Efficient cash flow management ensures the company can fund operations and growth initiatives, enhancing its financial resilience over time.

Leverage Improvement

Improved leverage indicates stronger financial health and reduced risk, providing more flexibility for future investments and growth.

Negative Factors

Return on Equity Decline

A decline in return on equity suggests challenges in efficiently generating returns from equity, which may impact investor confidence and future growth.

Margin Pressures

Decreasing margins could indicate rising costs or pricing pressures, potentially affecting profitability and long-term financial performance.

Earnings Call Absence

The absence of earnings call data limits transparency and investor insight into management's strategic direction and operational performance.

Steppe Gold Business Overview & Revenue Model

Company Description

Steppe Gold Ltd. acquires, explores for, develops, and operates precious metals in Mongolia. Its principal projects are the Altan Tsagaan Ovoo gold and silver project comprising one mining license covering an area of approximately 5,492.63 hectares located in the territory of Tsagaan Ovoo soum, Dornod province of Eastern Mongolia; and the Uudam Khundii property that covers an area of 14,397 hectares located in Ulaanbaatar, Bayankhongor Province. The company was incorporated in 2016 and is headquartered in Ulaanbaatar, Mongolia.

How the Company Makes Money

Steppe Gold generates revenue primarily through the extraction and sale of gold. The company operates a gold mine where it processes ore to produce gold doré bars, which are then sold to refineries and bullion dealers. Key revenue streams include the direct sale of gold produced from its mining operations and potential by-product sales from associated minerals. Additionally, partnerships with local suppliers and international markets help enhance its operational efficiency and distribution capabilities. The price of gold, operational efficiency, and production volume are significant factors influencing its earnings, along with any strategic alliances that may provide access to additional resources or markets.

Steppe Gold Financial Statement Overview

Summary

Steppe Gold demonstrates solid financial health with strong revenue growth and efficient cash flow management. Improvements in leverage are noted, but the decline in return on equity and slight margin pressures warrant attention.

Income Statement

Steppe Gold has shown strong revenue growth in the TTM period with a 17.37% increase, indicating a positive trajectory. The company maintains healthy margins with a gross profit margin of 49.10% and a net profit margin of 28.51%. However, there is a slight decline in margins compared to the previous year, suggesting potential cost pressures.

Balance Sheet

The company's debt-to-equity ratio has improved to 1.24 in the TTM period from 1.70 in the previous year, indicating better leverage management. However, the return on equity has decreased to 37.71% from 55.73%, which could signal challenges in generating returns from equity.

Cash Flow

Steppe Gold's free cash flow has grown by 4.28% in the TTM period, and the free cash flow to net income ratio is strong at 1.21, indicating efficient cash generation relative to net income. The operating cash flow to net income ratio of 1.83 further supports robust cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	148.25M	178.13M	54.24M	62.37M	24.05M	52.10M
Gross Profit	72.80M	96.28M	29.41M	30.82M	9.65M	28.45M
EBITDA	91.94M	109.85M	23.08M	26.52M	3.68M	9.05M
Net Income	42.27M	61.35M	56.34M	15.96M	-22.68M	-4.05M
Balance Sheet
Total Assets	327.54M	352.14M	98.29M	72.66M	146.28M	86.01M
Cash, Cash Equivalents and Short-Term Investments	107.46M	144.18M	6.01M	2.88M	4.07M	20.12M
Total Debt	155.65M	187.15M	36.05M	9.52M	81.50M	13.14M
Total Liabilities	201.98M	242.08M	50.29M	55.44M	139.26M	44.69M
Stockholders Equity	125.62M	110.09M	48.59M	17.72M	7.27M	41.53M
Cash Flow
Free Cash Flow	109.70M	67.66M	3.14M	12.79M	-15.95M	9.24M
Operating Cash Flow	90.58M	81.83M	8.20M	18.71M	-7.04M	11.41M
Investing Cash Flow	24.33M	-11.99M	-5.23M	-5.92M	-3.88M	-7.21M
Financing Cash Flow	-119.95M	-37.61M	592.00K	-13.19M	-1.47M	10.28M

Steppe Gold Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.74
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:STGO, the sentiment is Neutral. The current price of 1.74 is below the 20-day moving average (MA) of 2.00, below the 50-day MA of 1.93, and above the 200-day MA of 1.28, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 41.57 is Neutral, neither overbought nor oversold. The STOCH value of 13.41 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:STGO.

Steppe Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STGO	69 Neutral	$495.54M	5.58	35.92%	―	104.75%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
OMG	56 Neutral	C$697.52M	-41.45	-70.07%	―	―	-175.00%
TAU	55 Neutral	C$394.27M	-96.84	-1.82%	―	―	-251.92%
ITH	51 Neutral	C$473.98M	―	-7.47%	―	―	-26.52%
GRZ	41 Neutral	$272.42M	-8.69	-39.84%	―	―	-141.86%
GOLD	27 Underperform	$406.11M	―	-10.17%	―	―	37.78%

Steppe Gold Corporate Events

Steppe Gold Reports Strong Q3 2025 Financial Results and Plans for Expansion

Steppe Gold Ltd. reported strong financial results for Q3 2025, with total Group revenue of $27.3 million from gold and silver sales, and additional revenue from processing third-party ore. The company anticipates robust cash flow in Q4 2025, driven by continued production at the Boroo Gold mine, and is actively working on debt restructuring and financing options for its Phase 2 Expansion. The company is also focusing on extending mine life at Boroo and Ulaanbulag through exploration activities supported by high gold prices.

The most recent analyst rating on (TSE:STGO) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Steppe Gold stock, see the TSE:STGO Stock Forecast page.

Steppe Gold Releases 2024 ESG Report, Emphasizing Sustainability and Growth

Steppe Gold Ltd. has released its 2024 ESG Report, highlighting its commitment to sustainability and transparency following the acquisition of Boroo Gold LLC. The report aligns with GRI and SASB frameworks, covering health and safety, environmental stewardship, and community relations, and underscores the company’s dedication to creating lasting value for stakeholders.

The most recent analyst rating on (TSE:STGO) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Steppe Gold stock, see the TSE:STGO Stock Forecast page.