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

Montage Gold Corp. (TSE:MAU) has received a consensus rating of “Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$16.77.

MAU has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets increased their price target 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. Canaccord Genuity Group raised their price target on 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. Beacon Securities boosted their price objective on Montage Gold from C$18.00 to C$21.50 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, National Bank Financial upped their price objective on Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th.

Montage Gold Price Performance

Montage Gold stock opened at C$19.81 on Thursday. The firm has a 50-day moving average price of C$16.73 and a 200-day moving average price of C$14.73. The firm has a market capitalization of C$8.01 billion, a PE ratio of -152.38 and a beta of 2.30. The company has a current ratio of 8.43, a quick ratio of 0.35 and a debt-to-equity ratio of 0.31. Montage Gold has a 12-month low of C$5.06 and a 12-month high of C$19.89.

Montage Gold (TSE:MAU) last released its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) EPS for the quarter. As a group, 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.