Montage Gold Corp. (TSE:MAU) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Montage Gold has a consensus “Buy” rating from all 11 covering brokerages, with an average 12-month price target of C$16.77.
• Several firms recently raised their targets, with new estimates ranging from C$20.00 to C$22.00 and ratings including “buy,” “outperform,” and “sector outperform.”
• Shares opened at C$19.15, near the 52-week high of C$20.85. The company reported quarterly EPS of negative C$0.11, while analysts expect full-year EPS of negative C$0.04.

Montage Gold Corp. (TSE:MAU - Get Free Report) has earned an average rating of "Buy" from the eleven brokerages that are presently covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$16.77.

Several analysts have commented on MAU shares. Stifel Nicolaus lifted their price objective on shares of 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. Beacon Securities raised 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 report on Thursday, August 13th. Scotiabank boosted their target price 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. National Bank Financial upped their price target on shares of Montage Gold from C$20.00 to C$22.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. Finally, ATB Cormark Capital Markets increased their price target on 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.

Montage Gold Stock Performance

Shares of TSE:MAU opened at C$19.15 on Monday. Montage Gold has a 52-week low of C$5.99 and a 52-week high of C$20.85. The stock has a market cap of C$7.74 billion, a price-to-earnings ratio of -147.31 and a beta of 2.28. The company has a quick ratio of 0.35, a current ratio of 8.43 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of C$17.93 and a 200-day moving average price of C$15.93.

Montage Gold (TSE:MAU - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported C($0.11) EPS for the quarter. Equities analysts predict that Montage Gold 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.

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