Montage Gold (TSE:MAU) Price Target Raised to C$24.00

Montage Gold (TSE:MAU) had its target price increased by National Bank Financial from C$22.00 to C$24.00 in a research report released on Monday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

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

Montage Gold Trading Down 3.6%

TSE:MAU opened at C$19.93 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.35. Montage Gold has a fifty-two week low of C$6.25 and a fifty-two week high of C$21.13. The stock’s 50-day moving average is C$18.45 and its two-hundred day moving average is C$16.29. The stock has a market cap of C$8.06 billion, a PE ratio of -153.31 and a beta of 2.28.

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