Montage Gold Corp. (TSE:MAU) Receives C$16.77 Consensus PT from Brokerages

Montage Gold Corp. (TSE:MAU) has been given an average rating of “Buy” by the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have covered the stock in the last year is C$16.77.

A number of analysts recently issued reports on MAU shares. 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 report on Wednesday, August 12th. Stifel Nicolaus upped their price target on Montage Gold from C$18.00 to C$21.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Beacon Securities upped their price target on Montage Gold from C$18.00 to C$21.50 and gave the company a “buy” rating in a research report on Thursday, August 13th. National Bank Financial increased 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 report on Thursday, August 13th. Finally, Scotiabank raised 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.

Montage Gold Stock Performance

Shares of MAU stock opened at C$21.12 on Monday. The stock has a market capitalization of C$8.54 billion, a price-to-earnings ratio of -162.46 and a beta of 2.28. The company’s fifty day simple moving average is C$18.19 and its two-hundred day simple moving average is C$16.16. Montage Gold has a 1 year low of C$6.15 and a 1 year high of C$21.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.35.

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