Montage Gold Corp. (TSE:MAU) Receives C$16.77 Average Target Price from Analysts

Montage Gold Corp. (TSE:MAU) has earned an average rating of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Eleven analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$16.77.

Several equities analysts have commented on MAU shares. National Bank Financial lifted their target price on shares of Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. BMO Capital Markets upped their target price on Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, May 15th. ATB Cormark Capital Markets increased their price target on Montage Gold from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Stifel Nicolaus lifted their price target on Montage Gold from C$18.00 to C$21.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Scotiabank lifted 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.

Montage Gold Stock Performance

Shares of MAU stock opened at C$20.00 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.35. The firm has a 50-day moving average of C$17.15 and a 200-day moving average of C$15.12. Montage Gold has a one year low of C$5.19 and a one year high of C$20.85. The company has a market cap of C$8.09 billion, a P/E ratio of -153.85 and a beta of 2.30.

Montage Gold (TSE:MAU) last released its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) earnings per share for the quarter. Equities research analysts forecast 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.