Steppe Gold’s (STGO) Buy Rating Reaffirmed at Fundamental Research

Steppe Gold (TSE:STGOGet Rating)‘s stock had its “buy” rating reissued by Fundamental Research in a report issued on Tuesday, November 15th, Marketbeat Ratings reports. They presently have a C$3.37 price objective on the stock, down from their previous price objective of C$3.52. Fundamental Research’s price target suggests a potential upside of 198.23% from the stock’s current price.

The analysts wrote, “Fundamental Research Corp has issued a report entitled “Expecting Macro & Project-Specific Catalysts” and dated November 10, 2022. The full report is now at www.researchfrc.com.”

Separately, Couloir Capital upped their price target on shares of Steppe Gold to C$2.22 and gave the company a “buy” rating in a research report on Monday, July 25th.

Steppe Gold Trading Down 4.2 %

TSE STGO traded down C$0.05 during trading on Tuesday, hitting C$1.13. 35,850 shares of the company’s stock traded hands, compared to its average volume of 30,909. The stock has a fifty day moving average of C$1.05 and a two-hundred day moving average of C$1.11. The company has a debt-to-equity ratio of 748.12, a current ratio of 0.88 and a quick ratio of 0.10. Steppe Gold has a 12-month low of C$0.95 and a 12-month high of C$1.82. The firm has a market cap of C$79.20 million and a P/E ratio of -2.06.

Insider Transactions at Steppe Gold

In other news, insider 2176423 Ontario Ltd. bought 34,900 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was bought at an average cost of C$1.10 per share, for a total transaction of C$38,362.08. Following the completion of the acquisition, the insider now owns 7,476,944 shares in the company, valued at approximately C$8,218,656.84.

About Steppe Gold

(Get Rating)

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.

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