Montage Gold (TSE:MAU) Sets New 12-Month High – Still a Buy?

Montage Gold Corp. (TSE:MAU)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$20.85 and last traded at C$20.71, with a volume of 169743 shares changing hands. The stock had previously closed at C$20.47.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MAU. Scotiabank upped their price target on shares of 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. Stifel Nicolaus raised 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 report on Wednesday, August 12th. 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. Canaccord Genuity Group upped their target price on shares of 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. Finally, BMO Capital Markets increased their price target on Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Eleven investment 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 target price of C$16.77.

Montage Gold Price Performance

The firm has a 50 day moving average of C$16.94 and a 200-day moving average of C$14.92. The company has a current ratio of 8.43, a quick ratio of 0.35 and a debt-to-equity ratio of 0.31. The company has a market cap of C$8.34 billion, a P/E ratio of -158.77 and a beta of 2.30.

Montage Gold (TSE:MAU) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) earnings per share for the quarter. On average, equities research analysts predict that Montage Gold Corp. will post -0.04 EPS for the current 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.