Montage Gold Corp. to Post FY2024 Earnings of ($0.04) Per Share, Stifel Canada Forecasts (CVE:MAU)

Montage Gold Corp. (CVE:MAU) – Stifel Canada reduced their FY2024 earnings estimates for shares of Montage Gold in a research report issued to clients and investors on Wednesday, July 10th. Stifel Canada analyst S. Soock now forecasts that the company will earn ($0.04) per share for the year, down from their prior estimate of ($0.03). The consensus estimate for Montage Gold’s current full-year earnings is ($0.04) per share. Stifel Canada also issued estimates for Montage Gold’s FY2026 earnings at $0.00 EPS.

Montage Gold (CVE:MAU) last posted its quarterly earnings data on Monday, April 29th. The company reported C($0.06) EPS for the quarter.

Several other research analysts have also weighed in on MAU. Cormark lifted their price objective on Montage Gold from C$1.85 to C$2.00 in a research report on Wednesday, July 10th. Raymond James lifted their target price on Montage Gold from C$1.50 to C$1.65 in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus increased their price target on Montage Gold from C$1.75 to C$2.20 in a report on Thursday.

Montage Gold Price Performance

MAU stock opened at C$1.75 on Monday. The company has a quick ratio of 0.36, a current ratio of 5.77 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is C$1.41 and its 200 day simple moving average is C$1.11. Montage Gold has a 12-month low of C$0.51 and a 12-month high of C$1.78. The firm has a market cap of C$411.78 million, a price-to-earnings ratio of -12.50 and a beta of 1.31.

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.