Montage Gold (TSE:MAU) Sets New 12-Month High – Still a Buy?

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

Analysts Set New Price Targets

MAU has been the topic of several research reports. Scotiabank raised their target price on Montage Gold from C$19.00 to C$20.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group increased their price objective on shares of 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. ATB Cormark Capital Markets raised their price objective on shares of Montage Gold from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. BMO Capital Markets raised their price objective on shares of Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, National Bank Financial boosted their target price on shares of 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. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$16.77.

Montage Gold Trading Up 0.8%

The company has a market capitalization of C$8.34 billion, a P/E ratio of -158.77 and a beta of 2.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.35 and a current ratio of 8.43. The stock has a fifty day moving average of C$16.94 and a 200 day moving average of C$14.92.

Montage Gold (TSE:MAU) last released its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) earnings per share (EPS) for the quarter. As a group, equities research analysts anticipate that Montage Gold Corp. will post -0.04 EPS for the current fiscal year.

About Montage Gold

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.