Montage Gold (TSE:MAU) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Montage Gold Corp. (TSE:MAU)’s stock price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$16.16 and traded as high as C$16.60. Montage Gold shares last traded at C$16.47, with a volume of 607,424 shares traded.

Analyst Ratings Changes

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

Montage Gold Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.35 and a current ratio of 4.09. The company’s fifty day simple moving average is C$17.74 and its two-hundred day simple moving average is C$16.16. The stock has a market capitalization of C$6.66 billion, a PE ratio of -126.69 and a beta of 2.35.

Montage Gold (TSE:MAU) last announced its earnings results on Tuesday, August 11th. The company reported C($0.11) earnings per share (EPS) for the quarter. As a group, sell-side analysts predict that Montage Gold Corp. 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.