Montage Gold (TSE:MAU) Posts Quarterly Earnings Results

Montage Gold (TSE:MAU) posted its quarterly earnings data on Tuesday. The company reported C($0.11) EPS for the quarter, FiscalAI reports.

Montage Gold Stock Performance

TSE:MAU opened at C$18.73 on Tuesday. The firm’s fifty day simple moving average is C$16.15 and its 200 day simple moving average is C$14.21. The firm has a market capitalization of C$7.55 billion, a price-to-earnings ratio of -98.58 and a beta of 2.30. Montage Gold has a twelve month low of C$4.99 and a twelve month high of C$18.75. The company has a current ratio of 8.43, a quick ratio of 0.35 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

MAU has been the topic of several analyst reports. Scotiabank raised their price target on shares of Montage Gold from C$18.50 to C$19.00 and gave the stock a “sector outperform” rating in a research note on Monday, June 22nd. BMO Capital Markets raised 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 Friday, May 15th. Canaccord Genuity Group lifted their target price on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a research note on Friday, May 15th. Stifel Nicolaus boosted their price target on Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, National Bank Financial increased their price target on Montage Gold from C$19.00 to C$20.00 in a research note on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$14.62.

About Montage Gold

Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of mineral properties. Its flagship property is the Koné Gold Project covering an area of 2,259 square kilometers located in the Côte d'Ivoire, West Africa. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.