Montage Gold Corp. (TSE:MAU) Given Consensus Rating of “Buy” by Brokerages

Montage Gold Corp. (TSE:MAU) has received a consensus rating of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat reports. Eleven research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$16.77.

MAU has been the topic of several research analyst reports. Scotiabank raised their price objective on Montage Gold from C$19.00 to C$20.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 12th. Stifel Nicolaus upped their price objective on shares of Montage Gold from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. National Bank Financial increased their price objective on shares of Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. ATB Cormark Capital Markets lifted their target price on shares of Montage Gold from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, 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 note on Thursday, August 13th.

Montage Gold Price Performance

TSE:MAU opened at C$19.15 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. The company has a 50 day moving average price of C$17.93 and a 200-day moving average price of C$15.93. Montage Gold has a 1-year low of C$5.99 and a 1-year high of C$20.85. The firm has a market cap of C$7.74 billion, a price-to-earnings ratio of -147.31 and a beta of 2.28.

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