Montage Gold Corp. (TSE:MAU) Given Consensus Recommendation of “Buy” by Analysts

Montage Gold Corp. (TSE:MAU) has been assigned a consensus rating of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$16.77.

A number of research firms have issued reports on MAU. Beacon Securities lifted their price objective on Montage Gold from C$18.00 to C$21.50 and gave the stock a “buy” rating in a research note on Thursday, August 13th. ATB Cormark Capital Markets raised their target price on shares of Montage Gold from C$19.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. BMO Capital Markets boosted their price target on shares of Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Scotiabank increased their price objective on shares of Montage Gold from C$19.00 to C$20.00 and gave the company a “sector outperform” rating in a research report on Wednesday, August 12th. Finally, National Bank Financial lifted their price objective on shares of Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th.

Montage Gold Trading Up 3.5%

Shares of Montage Gold stock opened at C$19.81 on Thursday. The firm has a market cap of C$8.01 billion, a price-to-earnings ratio of -152.38 and a beta of 2.30. The business has a 50-day moving average price of C$16.73 and a 200-day moving average price of C$14.73. 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 twelve month low of C$5.06 and a twelve month high of C$19.89.

Montage Gold (TSE:MAU) last posted its earnings results on Tuesday, August 11th. The company reported C($0.11) EPS for the quarter. Equities research analysts anticipate that Montage Gold will post -0.04 EPS for the current fiscal year.

Montage Gold Company Profile

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.