Steppe Gold stock analysis
Steppe Gold (2J9) Stock Price & Analysis
2J9 Stock Chart & Stats
- Day’s Range
- EUR 0.89 - EUR 0.96
- 52-Week Range
- EUR 0.66 - EUR 1.52
- Previous Close
- EUR 0.87
- Volume
- N/A
- Average Volume (3M)
- 20
- Market Cap
- EUR 231.85M
- Enterprise Value
- EUR 396.22M
- Total Cash (Recent Filing)
- EUR 126.80M
- Total Debt (Recent Filing)
- EUR 174.42M
- Price to Earnings (P/E)
- 7.2
- Beta
- 1.90
- Next Earnings
- Nov 18, 2026 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Strong Profitability
High gross and operating margins indicate that Steppe Gold is converting metal sales into substantial operating profit. This profitability provides a durable buffer against cost pressure, supports mine development funding, and strengthens the economics of future production expansion.
Robust Cash Generation
Strong operating and free cash flow show that reported profitability is supported by cash conversion rather than accounting earnings alone. This internally generated funding can support expansion, debt servicing, and ongoing operations without relying entirely on external capital.
Revenue Expansion
The company has established a meaningful growth trajectory as production and metal sales have expanded across recent years. Continued revenue growth can improve operating leverage, increase the scale of the ATO platform, and support stronger long-term cash generation.
Bears Say
Meaningful Leverage
Debt now slightly exceeds equity, increasing financing risk and reducing balance-sheet flexibility. Higher leverage can absorb more operating cash through debt service, constrain funding for mine expansion, and leave the company more exposed when earnings or commodity-linked cash flows weaken.
Declining Free Cash Flow
Although cash generation remains substantial, the recent decline in free cash flow signals weaker momentum in funds available after operating and capital needs. If sustained, this could limit internally funded growth, slow deleveraging, and increase reliance on financing for development.
Earnings Volatility
The sharp decline in EPS and the normalization of net margin demonstrate that earnings power has been uneven rather than consistently compounding. This volatility makes planning and capital allocation less predictable and can reduce the resilience of future shareholder returns.
Steppe Gold News
2J9 FAQ
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Company Description
Steppe Gold
Operating within Mongolia, Steppe Gold Ltd. focuses on the acquisition, exploration, development, and production of precious metals. The company's principal endeavors include the Altan Tsagaan Ovoo (ATO) gold and silver project, which holds a single mining license spanning approximately 5,492.63 hectares in the Tsagaan Ovoo soum area of Dornod province, Eastern Mongolia. Furthermore, it possesses the Uudam Khundii property, a 14,397-hectare site situated in Ulaanbaatar, Bayankhongor Province. Incorporated in 2016, Steppe Gold Ltd.'s main office is located in Ulaanbaatar, Mongolia.
- Sector
- Basicmaterials
- Industry
- Gold
- CEO
- Tserenbadam Dugeree
- Employees
- 783
- Website
- www.steppegold.com
- Address
- Blue Sky Tower, Ulaanbaatar, UB, 14241, MN
Steppe Gold (2J9) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 7 | 5 | 10 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 4 | 0 | 8 |
