Montage Gold (TSE:MAU) Issues Earnings Results

Montage Gold (TSE:MAU) issued its earnings results on Wednesday. The company reported C($0.17) earnings per share (EPS) for the quarter, FiscalAI reports.

Montage Gold Stock Performance

Shares of Montage Gold stock traded down C$0.54 on Wednesday, hitting C$16.05. 313,145 shares of the company’s stock were exchanged, compared to its average volume of 1,053,928. The company has a 50-day simple moving average of C$17.63 and a 200-day simple moving average of C$16.20. The stock has a market capitalization of C$6.49 billion, a PE ratio of -123.46 and a beta of 2.35. Montage Gold has a 1 year low of C$6.61 and a 1 year high of C$21.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.35 and a current ratio of 4.09.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Scotiabank increased their price target on Montage Gold from C$19.00 to C$20.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 12th. National Bank Financial lifted their price objective on Montage Gold from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, September 21st. Stifel Nicolaus lifted their price objective on Montage Gold from C$18.00 to C$21.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. ATB Cormark Capital Markets upped their price objective on Montage Gold from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, Beacon Securities increased their target price on Montage Gold from C$18.00 to C$21.50 and gave the company a “buy” rating in a report on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$17.77.

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.