Raymond James Decreases Earnings Estimates for Montage Gold

Montage Gold Corp. (CVE:MAU) – Equities researchers at Raymond James dropped their Q1 2025 EPS estimates for shares of Montage Gold in a note issued to investors on Sunday, October 27th. Raymond James analyst C. Stanley now expects that the company will post earnings of ($0.02) per share for the quarter, down from their previous forecast of ($0.01). 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 ($0.05) EPS.

Several other equities research analysts also recently weighed in on MAU. BMO Capital Markets boosted their target price on shares of Montage Gold from C$3.00 to C$3.75 in a research report on Friday, October 25th. National Bankshares set a C$2.50 target price on shares of Montage Gold and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. National Bank Financial raised shares of Montage Gold to a “strong-buy” rating in a research report on Monday, July 22nd. Stifel Nicolaus boosted their target price on shares of Montage Gold from C$3.20 to C$4.85 in a research report on Wednesday. Finally, Cormark boosted their target price on shares of Montage Gold from C$2.00 to C$2.50 in a research report on Thursday, August 15th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$3.27.

Montage Gold Stock Performance

Montage Gold stock opened at C$2.48 on Wednesday. The firm’s fifty day moving average price is C$1.97 and its 200 day moving average price is C$1.66. The company has a market capitalization of C$854.56 million, a price-to-earnings ratio of -16.53 and a beta of 1.55. Montage Gold has a 12-month low of C$0.58 and a 12-month high of C$2.61. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36.

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

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.