Montage Gold (TSE:MAU) Hits New 1-Year High – Still a Buy?

Montage Gold Corp. (TSE:MAU) shares hit a new 52-week high on Monday . The stock traded as high as C$20.85 and last traded at C$20.71, with a volume of 169743 shares traded. The stock had previously closed at C$20.47.

Wall Street Analysts Forecast Growth

MAU has been the subject of several research reports. Canaccord Genuity Group increased their price objective on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “speculative buy” rating in a research report on Friday, May 15th. National Bank Financial boosted 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 report on Thursday, August 13th. 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 report on Thursday, August 13th. ATB Cormark Capital Markets upped 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, Stifel Nicolaus increased their price target on shares of Montage Gold from C$18.00 to C$21.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Eleven analysts have rated the stock with a Buy rating, According to MarketBeat.com, Montage Gold currently has an average rating of “Buy” and an average price target of C$16.77.

Montage Gold Stock Performance

The company has a quick ratio of 0.35, a current ratio of 8.43 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of C$17.09 and a 200 day moving average price of C$15.05. The stock has a market cap of C$8.39 billion, a P/E ratio of -159.62 and a beta of 2.30.

Montage Gold (TSE:MAU) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) earnings per share (EPS) for the quarter. As a group, sell-side analysts expect that Montage Gold Corp. 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.