Montage Gold (TSE:MAU) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised Montage Gold’s price target to C$24 from C$22 and maintained an “outperform” rating, implying 21.89% potential upside from the reported C$19.69 share price.
• Analyst sentiment remains strongly positive: all 11 analysts rate the stock Buy, with a consensus rating of “Buy” and an average target price of C$16.95.
• Montage Gold’s flagship Kone project in Côte d’Ivoire is expected to begin production in late Q4 2026, with a projected 16-year mine life and more than 300,000 ounces of annual gold production during its first eight years.

Montage Gold (TSE:MAU - Get Free Report) had its price objective boosted by analysts at National Bank Financial from C$22.00 to C$24.00 in a research note issued on Monday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's price objective would suggest a potential upside of 21.89% from the stock's current price.

MAU has been the subject of a number of other reports. Scotiabank upped their price target on 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. Beacon Securities boosted their target price on shares of Montage Gold from C$18.00 to C$21.50 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Stifel Nicolaus increased their price target on shares of Montage Gold from C$18.00 to C$21.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Finally, ATB Cormark Capital Markets raised their price target on shares of Montage Gold from C$19.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Montage Gold presently has a consensus rating of "Buy" and an average target price of C$16.95.

Montage Gold Stock Performance

MAU stock traded down C$1.43 during mid-day trading on Monday, reaching C$19.69. 450,304 shares of the stock traded hands, compared to its average volume of 1,141,391. The firm has a market capitalization of C$7.96 billion, a PE ratio of -151.46 and a beta of 2.28. The business has a 50-day moving average of C$18.19 and a two-hundred day moving average of C$16.16. Montage Gold has a 52 week low of C$6.25 and a 52 week high of C$21.13. 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 (TSE:MAU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C($0.11) earnings per share for the quarter. As a group, equities analysts predict that Montage Gold will post -0.04 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.