Analysts Set Montage Gold Corp. (TSE:MAU) Price Target at C$16.77

Montage Gold Corp. (TSE:MAU) has been assigned an average rating of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Eleven research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$16.77.

A number of brokerages have weighed in on MAU. National Bank Financial boosted their target price on 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. Stifel Nicolaus boosted their price target on shares of Montage Gold from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Beacon Securities lifted their price target on Montage Gold from C$18.00 to C$21.50 and gave the stock a “buy” rating in a research report on Thursday, August 13th. ATB Cormark Capital Markets lifted their price objective on shares of Montage Gold from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, Scotiabank boosted their price objective 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.

Montage Gold Price Performance

Shares of TSE:MAU opened at C$21.12 on Monday. Montage Gold has a 52 week low of C$6.15 and a 52 week high of C$21.13. 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 company’s fifty day moving average is C$18.19 and its 200 day moving average is C$16.12. The stock has a market cap of C$8.54 billion, a PE ratio of -162.46 and a beta of 2.28.

Montage Gold (TSE:MAU) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C($0.11) earnings per share for the quarter. Research analysts anticipate that Montage Gold will post -0.04 earnings per share 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.