Montage Gold (CVE:MAU) Price Target Increased to C$2.75 by Analysts at Raymond James

Montage Gold (CVE:MAU) had its price objective upped by Raymond James from C$1.65 to C$2.75 in a research note issued to investors on Thursday morning, BayStreet.CA reports. Raymond James also issued estimates for Montage Gold’s Q4 2024 earnings at $0.00 EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.01 EPS and Q4 2025 earnings at $0.01 EPS.

Several other brokerages also recently weighed in on MAU. National Bank Financial upgraded Montage Gold to a strong-buy rating in a research note on Monday, July 22nd. Cormark raised their price objective on Montage Gold from C$1.85 to C$2.00 in a research note on Wednesday, July 10th. Stifel Nicolaus raised their price objective on Montage Gold from C$1.75 to C$2.20 in a research note on Thursday, July 11th. Finally, National Bankshares set a C$2.50 price objective on Montage Gold and gave the company an outperform rating in a research note on Tuesday, July 23rd. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Montage Gold currently has an average rating of Buy and a consensus price target of C$2.49.

Montage Gold Stock Up 3.6 %

CVE MAU opened at C$2.02 on Thursday. The stock has a market cap of C$482.96 million, a PE ratio of -14.43 and a beta of 1.54. The business has a 50 day moving average price of C$1.58 and a two-hundred day moving average price of C$1.30. Montage Gold has a fifty-two week low of C$0.51 and a fifty-two week high of C$2.03. The company has a quick ratio of 0.36, a current ratio of 19.98 and a debt-to-equity ratio of 0.20.

Montage Gold (CVE:MAU) last announced its earnings results on Monday, May 27th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02). As a group, sell-side analysts predict that Montage Gold will post -0.04 EPS for the current fiscal year.

About Montage Gold

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.