FY2024 EPS Estimates for Montage Gold Corp. Lowered by Raymond James (CVE:MAU)

Montage Gold Corp. (CVE:MAU) – Investment analysts at Raymond James lowered their FY2024 earnings per share estimates for Montage Gold in a note issued to investors on Wednesday, August 14th. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of ($0.05) for the year, down from their prior forecast of ($0.04). 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 $0.03 EPS.

Montage Gold (CVE:MAU) last released its quarterly earnings results on Monday, May 27th. The company reported C($0.03) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02).

MAU has been the topic of a number of other research reports. Cormark lifted their target price on Montage Gold from C$2.00 to C$2.50 in a research report on Thursday, August 15th. National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research note on Monday, July 22nd. BMO Capital Markets set a C$2.50 price target on Montage Gold and gave the company an “outperform” rating in a research note on Thursday, August 15th. Stifel Nicolaus raised their price target on Montage Gold from C$1.75 to C$2.20 in a research note on Thursday, July 11th. Finally, National Bankshares set a C$2.50 price target on Montage Gold and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Montage Gold currently has a consensus rating of “Buy” and a consensus price target of C$2.49.

Montage Gold Trading Down 6.9 %

CVE MAU opened at C$1.89 on Monday. The firm has a market cap of C$651.26 million, a P/E ratio of -13.50 and a beta of 1.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 19.98 and a quick ratio of 0.36. The stock’s 50-day moving average is C$1.60 and its 200-day moving average is C$1.32. Montage Gold has a one year low of C$0.51 and a one year high of C$2.03.

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.