Montage Gold Corp. (CVE:MAU) Forecasted to Earn FY2024 Earnings of ($0.04) Per Share

Montage Gold Corp. (CVE:MAU) – Investment analysts at Stifel Canada dropped their FY2024 earnings per share estimates for Montage Gold in a research report issued to clients and investors on Wednesday, July 10th. Stifel Canada analyst S. Soock now forecasts that the company will earn ($0.04) per share for the year, down from their prior forecast of ($0.03). 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 FY2026 earnings at $0.00 EPS.

Montage Gold (CVE:MAU) last posted its quarterly earnings data on Monday, April 29th. The company reported C($0.06) earnings per share for the quarter.

Other equities analysts also recently issued research reports about the company. Raymond James increased their price target on Montage Gold from C$1.50 to C$1.65 in a research report on Tuesday, April 23rd. Stifel Nicolaus boosted their target price on shares of Montage Gold from C$1.75 to C$2.20 in a report on Thursday, July 11th. Finally, Cormark raised their price target on shares of Montage Gold from C$1.85 to C$2.00 in a report on Wednesday, July 10th.

Montage Gold Trading Up 1.7 %

MAU stock opened at C$1.80 on Monday. The firm’s 50-day moving average is C$1.43 and its 200 day moving average is C$1.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.77 and a quick ratio of 0.36. Montage Gold has a 12 month low of C$0.51 and a 12 month high of C$1.87. The company has a market capitalization of C$423.54 million, a PE ratio of -12.86 and a beta of 1.31.

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.