Stgo.To
STGO.TO is a gold mining company that generates revenue primarily through the extraction and sale of gold, with operations focused in Canada.
Business. STGO.TO is a gold mining company that generates revenue primarily through the extraction and sale of gold, with operations focused in Canada.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
STGO.TO is a gold mining company that generates revenue primarily through the extraction and sale of gold, with operations focused in Canada.
The company maintains a debt-to-equity ratio of 0.94, indicating a moderate level of leverage, and a current ratio of 1.98, suggesting it has sufficient short-term assets to cover its liabilities. Free cash flow stands at 17.36 million USD, while capital expenditures are negative at -29.74 million USD, indicating a net outflow from investment in operations. The return on equity is 22.91%, and return on assets is 9.13%, both of which are strong indicators of profitability and efficient use of capital.
Profitability metrics show that the company's return on equity and return on assets are well above the industry median for gold mining firms, which typically range between 10% and 15% for ROE and 5% to 10% for ROA. This suggests that the company is outperforming its peers in terms of capital efficiency and asset utilization.
The company's revenue is concentrated in a single business segment, gold mining, and is primarily generated in Canada. There is no disclosed geographic diversification, which may expose the company to regional economic or regulatory risks.
The company's revenue for the latest period was 254.13 million USD, and analyst estimates for the next period suggest a mean revenue forecast of 329.30 million USD, representing a year-over-year increase of approximately 30%. This growth trajectory is supported by the company's strong cash flow and capital expenditure strategy, which is focused on maintaining and expanding its gold production capacity.
The company faces a medium liquidity risk due to its negative net cash position after subtracting total debt. Dilution risk is assessed as low, with no significant dilution sources identified in the latest filings. The company has not issued additional shares recently, and there is no indication of a pending equity offering or ATM program.
Recent events include the publication of the latest financial results, which show a net income of 32.73 million USD and an operating income of 115.74 million USD. Analysts have set a mean price target of 5.81 USD, with all estimates converging at this level, indicating a consensus on the company's valuation.
- The company is a high-performing gold miner with strong profitability metrics, including a return on equity of 22.91% and a return on assets of 9.13%.
- The company's capital structure is moderately leveraged, with a debt-to-equity ratio of 0.94 and a current ratio of 1.98.
- Revenue is concentrated in a single business segment and geographic region, which may increase exposure to regional risks.
- Analysts project a 30% year-over-year revenue increase, supported by strong cash flow and capital expenditure strategy.
- The company faces medium liquidity risk due to its negative net cash position but has low dilution risk.
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- Net cash is negative after subtracting total debt.
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Physical assets
2 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Tres Cruces | Mine | Copper | Chile | Operating company |
| Tres Cruces | Other | Copper | Chile | Operating company |
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- STGO.TO Market data — financials · 2026-05-29
- Steppe Gold Ltd Market data — analyst estimates · 2026-05-29