Montage Gold (TSE:MAU) Announces Earnings Results

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

Montage Gold Stock Down 3.3%

Shares of MAU stock opened at C$16.05 on Thursday. Montage Gold has a fifty-two week low of C$6.61 and a fifty-two week high of C$21.13. The firm has a market capitalization of C$6.49 billion, a PE ratio of -123.46 and a beta of 2.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.35 and a current ratio of 4.09. The stock’s 50-day simple moving average is C$17.59 and its 200-day simple moving average is C$16.21.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Beacon Securities boosted their price objective on shares of Montage Gold from C$18.00 to C$21.50 and gave the stock a “buy” rating in a report on Thursday, August 13th. National Bank Financial increased their price objective on shares of Montage Gold from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Monday, September 21st. Stifel Nicolaus raised their price objective on shares of Montage Gold from C$18.00 to C$21.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Scotiabank upped their target price on shares of 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. Finally, ATB Cormark Capital Markets raised their price target on Montage Gold from C$19.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$17.77.

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.