Montage Gold Corp. (CVE:MAU) Expected to Earn FY2024 Earnings of ($0.06) Per Share

Montage Gold Corp. (CVE:MAU) – Research analysts at Stifel Canada decreased their FY2024 earnings per share estimates for Montage Gold in a report issued on Monday, October 7th. Stifel Canada analyst S. Soock now anticipates that the company will post earnings per share of ($0.06) for the year, down from their previous forecast of ($0.04). The consensus estimate for Montage Gold’s current full-year earnings is ($0.04) per share.

A number of other equities research analysts also recently commented on the company. National Bankshares set a C$2.50 price objective on Montage Gold and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. National Bank Financial raised Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. BMO Capital Markets set a C$2.50 price target on Montage Gold and gave the stock an “outperform” rating in a research note on Thursday, August 15th. Cormark upped their price objective on shares of Montage Gold from C$2.00 to C$2.50 in a research note on Thursday, August 15th. Finally, Ventum Cap Mkts raised shares of Montage Gold to a “strong-buy” rating in a research report on Friday, September 27th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$2.49.

Montage Gold Stock Up 0.5 %

MAU stock opened at C$2.00 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36. The firm has a market cap of C$689.16 million, a PE ratio of -13.33 and a beta of 1.55. Montage Gold has a 12 month low of C$0.54 and a 12 month high of C$2.06. The firm has a 50 day simple moving average of C$1.84 and a 200 day simple moving average of C$1.56.

Montage Gold (CVE:MAU) last posted its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02).

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.