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

Fundamental Research reaffirmed their buy rating on shares of Steppe Gold (TSE:STGO – Get Rating) in a report published on Tuesday morning, Marketbeat reports. The brokerage currently has a C$3.37 target price on the stock.

Shares of Steppe Gold stock opened at C$1.38 on Tuesday. Steppe Gold has a 12-month low of C$1.08 and a 12-month high of C$2.31. The company has a market cap of C$95.98 million and a price-to-earnings ratio of 37.30. The company has a current ratio of 0.70, a quick ratio of 0.19 and a debt-to-equity ratio of 219.61. The company’s 50-day moving average price is C$1.52 and its 200-day moving average price is C$1.34.

Steppe Gold Company Profile (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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