FRC
FRC Logo
Sign InGet Access

Connect With Us

Stay updated with our latest research and insights

Fundamental Research Corp Logo

Highly ranked equity research firm providing institutional grade tools and analysis to all investors worldwide. Trusted by global investors for over 20+ years.

20+ Years
Rate us on TrustpilotLeave a review

Policies

  • Privacy Policy
  • Terms of Service
  • Disclaimer

Company

  • About Us
  • Our Team
  • Contact Us
  • Leave a Review

Resources

  • Videos
  • Research Reports
  • FAQ
  • How to use FRC

Browse

  • Stock Directory
  • Stock Screener
  • Market Intel Weekly
  • Report Archive

Trackers

  • Congress Trading
  • Senate Trading
  • Congress Net Worth
  • Commodities

© 2026 Fundamental Research Corp. All Rights Reserved.

Professional investment research since 2003

Home
Research
Get Access
Sign In
Steppe Gold Ltd. Stock AnalysisComprehensive stock analysis for Steppe Gold Ltd. (STGO.TO) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisSTGO.TO
STGO.TO
Steppe Gold Ltd.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
STGO.TO
Home🔹Stocks🔹Steppe Gold Ltd.

Steppe Gold Ltd.

FRC Coverage
🇨🇦STGO.TO•TSX

Steppe Gold Ltd.

FRC Coverage
🇨🇦STGO.TO•TSX
Sentiment

Your view on STGO.TO

Sentiment
Your view
STGO.TO
Steppe Gold Ltd.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
STGO.TO
Company Overview

Overview

What the company does, where it operates, and who runs it.

*Steppe Gold Ltd. has paid FRC a fee for research coverage and distribution of reports.

About Steppe Gold Ltd.

Industry
Gold
Sector
Basic Materials
CEO
Bataa Tumur-Ochir
Headquarters
Shangri-La office, Ulaanbaatar, MN
Industry
Gold
Sector
Basic Materials
CEO
Bataa Tumur-Ochir
Headquarters
Shangri-La office, Ulaanbaatar, MN
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.

FRC Research
Buy
Fair Value Estimate
US$2.97

Fully Funded to Triple Production

Report · Nov 24, 2023

Sign in to view

FRC Research
Buy
Fair Value Estimate
US$2.97

Fully Funded to Triple Production

Report · Nov 24, 2023

Sign in to view

FRC Research

Research Reports

FRC analyst coverage and recommendations.

Past Reports

Historical coverage archive.

Analyst Notes

Ongoing commentary and updates from FRC analysts.

Media

Infographics, videos, and posts covering the company.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for Steppe Gold Ltd., and the rating behind it. STGO.TO last traded at C$1.82, 9.4× trailing earnings — the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for Steppe Gold Ltd.. Starting points for Steppe Gold Ltd.: P/E 9.4, EPS C$0.14, beta 0.95 — an Gold name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for Steppe Gold Ltd.. Steppe Gold Ltd. does not currently pay a regular dividend, so this section tracks capacity rather than history. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for Steppe Gold Ltd.. Trailing twelve-month EPS for Steppe Gold Ltd. stands at C$0.14. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for Steppe Gold Ltd.. Steppe Gold Ltd. has reported as a listed company since 2018. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

Steppe Gold Ltd. valued side by side against its closest peers. Steppe Gold Ltd. is measured against Gold peers within the Basic Materials sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Premium

Which funds and firms own the stock.

Which institutions hold Steppe Gold Ltd., and how their positions are changing. At a C$460.1M market value, institutional positions materially move Steppe Gold Ltd.'s register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.

Insider Trading

Premium

Recent buying and selling by company executives.

Buying and selling by Steppe Gold Ltd. executives and directors. Shares of Steppe Gold Ltd. have traded between C$0.57 and C$2.40 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.

Senate Trading

Premium

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming Steppe Gold Ltd.. Steppe Gold Ltd. is a C$460.1M Basic Materials company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.

House Trading

Premium

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming Steppe Gold Ltd.. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.

News

Latest headlines and market coverage.

Latest headlines and company announcements for Steppe Gold Ltd.. Coverage tracks Steppe Gold Ltd. within Gold (Basic Materials). Press releases and market coverage, newest first.

Peer companies

  • ARG.TO — Amerigo Resources Ltd.
  • HSTR.V — Heliostar Metals Ltd.
  • ITH.TO — International Tower Hill Mines Ltd.
  • JAG.TO — Jaguar Mining Inc.
  • MKO.V — Mako Mining Corp.
  • NFG.V — New Found Gold Corp.

More Gold companies

  • OPW.V — Opawica Explorations Inc.
  • OPWEF — Opawica Explorations Inc.
  • OR — OR Royalties Inc.
  • OR.TO — OR Royalties Inc.
  • ORD.AX — Ordell Minerals Limited
  • ORE.AX — Orezone Gold Corporation
  • ORE.TO — Orezone Gold Corporation
  • OREAF — Orea Mining Corp.
  • ORFDF — Orecap Invest Corp.
  • OROXF — Orosur Mining Inc.
  • ORZCF — Orezone Gold Corporation
  • OSCI — Osceola Gold, Inc.

ETFs holding Steppe Gold Ltd.

  • DISV — Dimensional - International Small Cap Value ETF (0.00%)
  • DFIC — Dimensional - International Core Equity 2 ETF (0.00%)
  • DFAX — Dimensional - World ex US Core Equity 2 ETF (0.00%)
  • AVDV — Avantis International Small Cap Value ETF (0.00%)
  • AVDS — Avantis International Small Cap Equity ETF (0.00%)

Research Reports

1 report

*Steppe Gold Ltd. has paid FRC a fee for research coverage and distribution of reports.

Nov 24, 2023

Fully Funded to Triple Production

In Q3-2023, production from Steppe’s flagship ATO gold mine in Mongolia was up 18% QoQ, surpassing our foreast by 7%.

Thumbnail for Fully Funded to Triple Production
7 reports
Nov 24, 2023

Fully Funded to Triple Production

PDF
Aug 17, 2023

Poised to Triple Production Amid Upbeat Outlook for Gold

PDF
Nov 10, 2022

Expecting Macro & Project-Specific Catalysts

PDF
Sep 2, 2022

Ramping Up Production While Lowering Costs

PDF
Apr 27, 2022

Sitting on $150M+ of Inventory Ready for Processing

PDF
    1
  • 1
  • 2

News

Latest Market News