National Bank Financial Issues Positive Forecast for Montage Gold (TSE:MAU) Stock Price

Montage Gold (TSE:MAU) had its target price lifted by investment analysts at National Bank Financial from C$22.00 to C$24.00 in a research note issued to investors on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 21.89% from the stock’s current price.

Several other research analysts have also issued reports on MAU. ATB Cormark Capital Markets increased their price objective on Montage Gold from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Scotiabank upped their target price on shares of Montage Gold from C$19.00 to C$20.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 12th. Stifel Nicolaus increased their target price on shares of Montage Gold from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, Beacon Securities lifted their price target on shares of Montage Gold from C$18.00 to C$21.50 and gave the company a “buy” rating in a report on Thursday, August 13th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Montage Gold presently has an average rating of “Buy” and a consensus target price of C$16.95.

Montage Gold Price Performance

MAU traded down C$1.43 during midday trading on Monday, reaching C$19.69. 450,304 shares of the company’s stock were exchanged, compared to its average volume of 1,141,391. The firm has a market capitalization of C$7.96 billion, a price-to-earnings ratio of -151.46 and a beta of 2.28. The company has a quick ratio of 0.35, a current ratio of 8.43 and a debt-to-equity ratio of 0.31. Montage Gold has a one year low of C$6.25 and a one year high of C$21.13. The business has a 50-day simple moving average of C$18.19 and a two-hundred day simple moving average of C$16.16.

Montage Gold (TSE:MAU) last released its quarterly earnings data on Tuesday, August 11th. The company reported C($0.11) earnings per share for the quarter. As a group, research analysts predict that Montage Gold will post -0.04 EPS for the current year.

About Montage Gold

Montage Gold Corp. (TSX:MAU) is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Kone project, located in Côte d’Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024 (the ‘UFS’), the Kone project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in late Q4-2026. The Company has also built a high-quality, multi-asset growth pipeline including the Didievi and Wende properties in Côte d’Ivoire, and a portfolio of prospective exploration tenements in Mauritania.