Analysts Set Expectations for Montage Gold FY2024 Earnings

Montage Gold Corp. (CVE:MAU) – Equities researchers at Stifel Canada reduced their FY2024 earnings per share (EPS) estimates for shares of Montage Gold in a note issued to investors on Tuesday, October 29th. Stifel Canada analyst S. Soock now expects that the company will earn ($0.08) per share for the year, down from their prior estimate of ($0.06). 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 FY2025 earnings at ($0.03) EPS, FY2026 earnings at ($0.02) EPS, FY2027 earnings at $0.29 EPS and FY2028 earnings at $0.60 EPS.

Montage Gold (CVE:MAU) last issued its earnings results 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).

MAU has been the subject of several other reports. Cormark boosted their price objective on Montage Gold from C$2.00 to C$2.50 in a research report on Thursday, August 15th. Ventum Cap Mkts raised Montage Gold to a “strong-buy” rating in a research note on Friday, September 27th. BMO Capital Markets lifted their price objective on shares of Montage Gold from C$3.00 to C$3.75 in a research note on Friday, October 25th. Stifel Nicolaus increased their target price on shares of Montage Gold from C$3.20 to C$4.85 in a research report on Wednesday. Finally, National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a research report on Monday, July 22nd. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Montage Gold presently has an average rating of “Buy” and an average price target of C$3.27.

Montage Gold Stock Performance

Montage Gold stock opened at C$2.48 on Friday. The firm has a 50-day moving average price of C$1.98 and a two-hundred day moving average price of C$1.67. Montage Gold has a 52-week low of C$0.61 and a 52-week high of C$2.61. The firm has a market capitalization of C$854.56 million, a price-to-earnings ratio of -16.53 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 5.75 and a debt-to-equity ratio of 1.11.

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.