Montage Gold (TSE:MAU) Posts Earnings Results

Montage Gold (TSE:MAU) issued its quarterly earnings results on Wednesday. The company reported C($0.17) earnings per share (EPS) for the quarter, FiscalAI reports.

Montage Gold Stock Performance

TSE MAU opened at C$15.32 on Friday. The company has a market capitalization of C$6.19 billion, a price-to-earnings ratio of -117.85 and a beta of 2.35. The company has a quick ratio of 0.35, a current ratio of 4.09 and a debt-to-equity ratio of 0.27. Montage Gold has a twelve month low of C$6.61 and a twelve month high of C$21.13. The stock has a fifty day simple moving average of C$17.52 and a 200 day simple moving average of C$16.22.

Analyst Ratings Changes

MAU has been the subject of several research analyst reports. National Bank Financial boosted their price objective on shares of Montage Gold from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Monday, September 21st. Stifel Nicolaus raised their target price on Montage Gold from C$18.00 to C$21.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Scotiabank lifted their price target on Montage Gold from C$19.00 to C$20.00 and gave the company a “sector outperform” rating in a research note on Wednesday, August 12th. ATB Cormark Capital Markets lifted their price target on 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. Finally, Beacon Securities boosted their price target on Montage Gold from C$18.00 to C$21.50 and gave the stock a “buy” rating in a report on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$17.77.

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.