Montage Gold (TSE:MAU) Releases Quarterly Earnings Results

Montage Gold (TSE:MAU) released its quarterly earnings data on Tuesday. The company reported C($0.11) earnings per share (EPS) for the quarter, FiscalAI reports.

Montage Gold Trading Down 1.5%

Montage Gold stock opened at C$18.45 on Wednesday. The stock has a 50-day moving average of C$16.18 and a two-hundred day moving average of C$14.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.35 and a current ratio of 8.43. Montage Gold has a one year low of C$5.01 and a one year high of C$19.00. The stock has a market cap of C$7.44 billion, a PE ratio of -97.11 and a beta of 2.30.

Analysts Set New Price Targets

MAU has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Canaccord Genuity Group raised their price objective on 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. BMO Capital Markets lifted their target price on Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Scotiabank boosted their target price on shares of Montage Gold from C$18.50 to C$19.00 and gave the stock a “sector outperform” rating in a report on Monday, June 22nd. Finally, National Bank Financial boosted their target price on shares of Montage Gold from C$19.00 to C$20.00 in a report on Friday, May 15th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat, Montage Gold has an average rating of “Buy” and a consensus price target of C$14.62.

Montage Gold Company Profile

Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of mineral properties. Its flagship property is the Koné Gold Project covering an area of 2,259 square kilometers located in the Côte d'Ivoire, West Africa. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.