Montage Gold (TSE:MAU) Stock Price Expected to Rise, National Bank Financial Analyst Says

Montage Gold (TSE:MAU) had its price objective boosted by analysts at National Bank Financial from C$22.00 to C$24.00 in a research note issued on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 21.89% from the stock’s current price.

MAU has been the subject of a number of other reports. Scotiabank upped 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. Beacon Securities boosted their target price on shares of 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. Stifel Nicolaus increased their price target on shares of Montage Gold from C$18.00 to C$21.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Finally, ATB Cormark Capital Markets raised their price target on shares of Montage Gold from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Montage Gold presently has a consensus rating of “Buy” and an average target price of C$16.95.

Montage Gold Stock Performance

MAU stock traded down C$1.43 during mid-day trading on Monday, reaching C$19.69. 450,304 shares of the stock traded hands, compared to its average volume of 1,141,391. The firm has a market capitalization of C$7.96 billion, a PE ratio of -151.46 and a beta of 2.28. The business has a 50-day moving average of C$18.19 and a two-hundred day moving average of C$16.16. Montage Gold has a 52 week low of C$6.25 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.

Montage Gold (TSE:MAU) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C($0.11) earnings per share for the quarter. As a group, equities analysts predict 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.