Equities Analysts Issue Forecasts for Montage Gold Corp.’s FY2024 Earnings (CVE:MAU)

Montage Gold Corp. (CVE:MAU) – Research analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for Montage Gold in a note issued to investors on Wednesday, August 14th. Raymond James analyst C. Stanley now expects that the company will post earnings per share of ($0.05) for the year, down from their prior forecast of ($0.04). The consensus estimate for Montage Gold’s current full-year earnings is ($0.04) per share. Raymond James also issued estimates for Montage Gold’s FY2025 earnings at $0.03 EPS.

Montage Gold (CVE:MAU) last issued its quarterly earnings data on Monday, May 27th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02).

A number of other brokerages also recently weighed in on MAU. Stifel Nicolaus lifted their target price on Montage Gold from C$1.75 to C$2.20 in a report on Thursday, July 11th. National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. Cormark boosted their price objective on Montage Gold from C$2.00 to C$2.50 in a report on Thursday, August 15th. BMO Capital Markets set a C$2.50 price objective on Montage Gold and gave the company an “outperform” rating in a report on Thursday, August 15th. Finally, National Bankshares set a C$2.50 price objective on Montage Gold and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$2.49.

Montage Gold Price Performance

Shares of MAU opened at C$2.03 on Monday. The company has a market capitalization of C$699.50 million, a price-to-earnings ratio of -14.50 and a beta of 1.54. The business has a 50-day moving average of C$1.59 and a 200-day moving average of C$1.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 19.98 and a quick ratio of 0.36. Montage Gold has a 1 year low of C$0.51 and a 1 year high of C$2.03.

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.