Montage Gold Corp. Expands Exploration Portfolio in Côte d’Ivoire

Montage Gold Corp. ( (TSE:MAU) ) has shared an update.

Montage Gold Corp. has expanded its exploration portfolio in Côte d’Ivoire by securing two new exploration permits, significantly increasing its Koné project land package and adding the Wendé advanced greenfield exploration property. This strategic expansion supports Montage’s goal of becoming a leading multi-asset African gold producer by leveraging its technical expertise and strong local stakeholder relationships, while maintaining construction progress on the Koné project on budget and schedule.

The most recent analyst rating on (TSE:MAU) stock is a Buy with a C$9.25 price target. To see the full list of analyst forecasts on Montage Gold Corp. stock, see the TSE:MAU Stock Forecast page.

Spark’s Take on TSE:MAU Stock

According to Spark, TipRanks’ AI Analyst, TSE:MAU is a Neutral.

The overall stock score of 48 reflects significant financial challenges, with ongoing operational losses and negative cash flow, despite a strong equity position. Technical indicators offer mixed signals, showing slight upward momentum but potential volatility. The valuation remains poor due to negative earnings and lack of dividend, indicating limited investor appeal.

To see Spark’s full report on TSE:MAU stock, click here.

More about Montage Gold Corp.

Montage Gold Corp. is a company operating in the gold mining industry, focusing on exploration and development of gold projects primarily in West Africa. The company is engaged in advancing its Koné project in Côte d’Ivoire, which is one of the largest gold projects by land area in the region, and is actively expanding its exploration portfolio to enhance its market position.

Average Trading Volume: 527,353

Technical Sentiment Signal: Buy

Current Market Cap: C$3.22B

For a thorough assessment of MAU stock, go to TipRanks’ Stock Analysis page.