Montage Gold (TSE:MAU) Releases Quarterly Earnings Results

Montage Gold (TSE:MAU) posted its quarterly earnings data on Tuesday. The company reported C($0.11) earnings per share for the quarter, FiscalAI reports.

Montage Gold Stock Up 1.8%

Shares of TSE:MAU opened at C$18.79 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.35 and a current ratio of 8.43. Montage Gold has a 52-week low of C$5.03 and a 52-week high of C$19.28. The business’s 50 day simple moving average is C$16.25 and its two-hundred day simple moving average is C$14.35. The firm has a market cap of C$7.58 billion, a P/E ratio of -98.89 and a beta of 2.30.

Analysts Set New Price Targets

Several research firms have recently weighed in on MAU. BMO Capital Markets lifted their price objective on Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. National Bank Financial upped their target price on Montage Gold from C$19.00 to C$20.00 in a research report on Friday, May 15th. ATB Cormark Capital Markets upped their target price on Montage Gold from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday. Scotiabank raised 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 note on Wednesday. Finally, Canaccord Genuity Group lifted their target price on Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a report on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$15.35.

Montage Gold Company Profile

Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of mineral properties. Its flagship property is the Koné Gold Project covering an area of 2,259 square kilometers located in the Côte d'Ivoire, West Africa. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.