Montage Gold (TSE:MAU) Sets New 1-Year High – Here’s Why

Montage Gold Corp. (TSE:MAU) reached a new 52-week high on Friday . The stock traded as high as C$20.88 and last traded at C$20.88, with a volume of 332829 shares trading hands. The stock had previously closed at C$19.91.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MAU shares. Scotiabank upped their price objective on 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. National Bank Financial boosted their price target 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 Thursday, August 13th. Beacon Securities upped their price target on shares of Montage Gold from C$18.00 to C$21.50 and gave the company a “buy” rating in a research note on Thursday, August 13th. ATB Cormark Capital Markets increased their price objective 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 boosted their target price on shares of Montage Gold from C$18.00 to C$21.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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 stock has a market cap of C$8.44 billion, a P/E ratio of -160.54 and a beta of 2.28. The business has a 50 day moving average price of C$18.11 and a 200 day moving average price of C$16.07.

Montage Gold (TSE:MAU) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C($0.11) 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.