Raymond James Lowers Earnings Estimates for Montage Gold

Montage Gold Corp. (CVE:MAU) – Analysts at Raymond James cut their Q1 2025 EPS estimates for Montage Gold in a research report issued on Sunday, October 27th. Raymond James analyst C. Stanley now forecasts that the company will earn ($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 analysts have also recently weighed in on MAU. National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research report on Monday, July 22nd. Cormark upped their price target on Montage Gold from C$2.00 to C$2.50 in a research report on Thursday, August 15th. Stifel Nicolaus raised their price objective on shares of Montage Gold from C$3.20 to C$4.85 in a research report on Wednesday. BMO Capital Markets boosted their price objective on shares of Montage Gold from C$3.00 to C$3.75 in a research note on Friday, October 25th. Finally, National Bankshares set a C$2.50 target price on shares of Montage Gold and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Montage Gold currently has an average rating of “Buy” and a consensus target price of C$3.27.

Montage Gold Trading Up 3.2 %

Shares of MAU stock opened at C$2.57 on Wednesday. The stock has a market capitalization of C$885.57 million, a price-to-earnings ratio of -17.13 and a beta of 1.55. The company’s fifty day simple moving average is C$1.96 and its two-hundred day simple moving average is C$1.65. Montage Gold has a 1 year low of C$0.58 and a 1 year 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 announced its quarterly earnings results on Thursday, August 22nd. The company reported C($0.03) EPS for the quarter, missing analysts’ consensus estimates 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.