Montage Gold Corp. (TSE:MAU) Stock Has Consensus Target Price of C$17.77 According to Brokerages

Key Points

• Analysts remain bullish on Montage Gold: All ten covering firms rate the stock “Buy,” with a consensus 12-month price target of C$17.77.
• Several brokerages recently raised their targets, including National Bank Financial to C$24.00, ATB Cormark to C$22.00, and Beacon Securities to C$21.50.
• Shares opened at C$14.40 after a 1.7% decline, while the company reported quarterly EPS of C$(0.11), below analysts’ expected full-year loss of C$0.04 per share.

Montage Gold Corp. (TSE:MAU - Get Free Report) has been assigned a consensus recommendation of "Buy" from the ten research firms that are presently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is C$17.77.

A number of brokerages have issued reports on MAU. Scotiabank lifted their price objective 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. Stifel Nicolaus raised their price objective on shares of Montage Gold from C$18.00 to C$21.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Beacon Securities lifted their target price on shares of Montage Gold from C$18.00 to C$21.50 and gave the company a "buy" rating in a research note on Thursday, August 13th. ATB Cormark Capital Markets lifted their target price on shares of Montage Gold from C$19.00 to C$22.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Finally, 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 report on Monday, September 21st.

Montage Gold Trading Down 1.7%

Shares of MAU opened at C$14.40 on Tuesday. Montage Gold has a 1 year low of C$6.51 and a 1 year high of C$21.13. The company has a current ratio of 4.09, a quick ratio of 0.35 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of C$18.12 and a 200-day simple moving average of C$16.07. The stock has a market cap of C$5.82 billion, a PE ratio of -110.77 and a beta of 2.35.

Montage Gold (TSE:MAU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) EPS for the quarter. On average, sell-side analysts predict that Montage Gold will post -0.04 EPS for the current fiscal 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.

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