Scotiabank Decreases Earnings Estimates for Montage Gold

Montage Gold Corp. (CVE:MAU) – Scotiabank reduced their FY2027 earnings per share estimates for Montage Gold in a note issued to investors on Friday, April 10th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $1.86 for the year, down from their prior estimate of $1.92. The consensus estimate for Montage Gold’s current full-year earnings is ($0.04) per share.

Other analysts also recently issued research reports about the company. ATB Cormark Capital Markets boosted their price objective on Montage Gold from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Canaccord Genuity Group raised their target price on shares of Montage Gold from C$11.00 to C$16.00 and gave the stock a “speculative buy” rating in a report on Thursday, March 26th. Cormark lifted their target price on shares of Montage Gold from C$9.75 to C$10.50 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Stifel Nicolaus upped their price target on shares of Montage Gold from C$9.25 to C$12.75 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, BMO Capital Markets increased their price target on shares of Montage Gold from C$10.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$12.46.

Montage Gold Trading Up 1.6%

Shares of MAU stock opened at C$3.70 on Tuesday. The business has a 50-day moving average of C$3.70 and a 200 day moving average of C$3.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.36. Montage Gold has a 1-year low of C$1.24 and a 1-year high of C$3.92. The stock has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55.

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.