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Steppe GoldTSX:STGO -1.76%76 3-1 Month Momentum % is -5.51% as of Aug. 19, 2026. GuruFocus rates TSX:STGO with a GF Score™ of 76/100 and a GF Value™ of C$1.16 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,523 Metals & Mining companies, Steppe Gold ranks better than 76.02% on this metric.
3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-08-19), Steppe Gold's 3-1 Month Momentum % is -5.51%.
The industry rank for Steppe Gold's 3-1 Month Momentum % or its related term are showing as below:
TSX:STGO's 3-1 Month Momentum % is ranked better than 76.02% of 2523
companies
in the Metals & Mining industry
Industry Median: -17.88
vs TSX:STGO: -5.51
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 3-1 Month Momentum % measures the total return to a stock over the past three months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Steppe Gold 3-1 Month Momentum % Related Terms
TSX:STGO vs NEM, AU: 3-1 Month Momentum % Comparison
For the Gold subindustry, Steppe Gold's 3-1 Month Momentum %, along with its competitors' market caps and 3-1 Month Momentum % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Steppe Gold 3-1 Month Momentum % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Steppe Gold's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Steppe Gold's 3-1 Month Momentum % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Steppe Gold (TSX:STGO) has a 3-1 Month Momentum % of -5.51% as of Aug. 19, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Steppe Gold and its competitors. According to the industry distribution chart, Steppe Gold ranks #605 out of 2523 companies in the Metals & Mining industry, placing it in the top 24%.
Is Steppe Gold's 3-1 Month Momentum % too high?
Steppe Gold's current 3-1 Month Momentum % is -5.51%. Based on the distribution chart, Steppe Gold ranks #605 out of 2523 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Steppe Gold has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steppe Gold's 3-1 Month Momentum % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Steppe Gold ranks #605 out of 2523 companies for 3-1 Month Momentum %. This places Steppe Gold in the top 24% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-1 Month Momentum % for a Metals & Mining company?
A good 3-1 Month Momentum % depends on the Metals & Mining industry context. However, 3-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-1 Month Momentum % mean?
A high 3-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Steppe Gold and its competitors. Steppe Gold's current 3-1 Month Momentum % is -5.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Gold stock overvalued right now?
Based on GuruFocus' analysis, Steppe Gold (TSX:STGO) is currently considered Significantly Overvalued. The stock's GF Value™ is C$1.16, compared to a current price of C$1.67 — trading 44% above its estimated fair value. The current 3-1 Month Momentum % is -5.51%. Steppe Gold's overall GF Score™ is 76/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-1 Month Momentum % calculated?
3-1 Month Momentum % is calculated from a company's financial statements. For Steppe Gold (TSX:STGO), the current 3-1 Month Momentum % is -5.51% as of Aug. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Steppe Gold (TSX:STGO) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Gold stock appears to be overvalued.
The current stock price of C$1.67 is trading 44% above its estimated GF Value™ of C$1.16.
GuruFocus considers Steppe Gold to be Significantly Overvalued.
Key valuation signals for TSX:STGO:
3-1 Month Momentum %: -5.51%
GF Value™: C$1.16 vs. price of C$1.67 (44% above fair value)
No single metric tells the full story. See the TSX:STGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.
76GF Score
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