Montage Gold Corp. (TSE:MAU)
TSX:MAU
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Montage Gold Corp.
(TSX:MAU)
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Rating:43Neutral
Price Target:
C$16.00
▼(-2.14% Downside)
Action:ReiteratedDate:03/27/26
The score is primarily constrained by weak financial performance: no revenue, persistent and widening losses, and a sharp deterioration in free cash flow that increases financing and execution risk. Technical indicators add modest pressure due to weak near-term momentum, while valuation is limited by negative earnings and no dividend support.
Positive Factors
Low Leverage
A near-zero debt profile materially lowers refinancing and interest-rate risk for a pre-production miner. This conservatism preserves optionality to fund development through equity or project finance and reduces solvency pressure during multi-year exploration and study cycles.
Negative Factors
No Revenue; Widening Losses
Persistent zero revenue with materially widening net losses reflects a pre-production cash-consuming profile without near-term operating income. Over months this erodes equity, lengthens time to self-sufficiency and increases reliance on external funding to reach production.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A near-zero debt profile materially lowers refinancing and interest-rate risk for a pre-production miner. This conservatism preserves optionality to fund development through equity or project finance and reduces solvency pressure during multi-year exploration and study cycles.
Read all positive factors
Montage Gold Corp. (MAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.96B
Dividend YieldN/A
Average Volume (3M)503.17K
Price to Earnings (P/E)―
Beta (1Y)1.95
Revenue GrowthN/A
EPS Growth-53.84%
CountryCA
Employees35
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding364,309,500
10 Day Avg. Volume480,948
30 Day Avg. Volume503,169
Financial Highlights & Ratios
PEG Ratio1.59
Price to Book (P/B)30.24
Price to Sales (P/S)0.00
P/FCF Ratio-8.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$16.17Price Target Upside-1.12% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.01
Revenue Forecast (FY)C$98.81M
Montage Gold Corp. Business Overview & Revenue Model
Company Description
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 1,442 square kilometers located in the ...
How the Company Makes Money
null...
Montage Gold Corp. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -802.81K | 0.00 | -231.38K | -190.98K | -181.01K |
| EBITDA | -33.19M | -68.47M | -24.19M | -8.62M | -23.33M |
| Net Income | -50.45M | -67.66M | -24.42M | -9.89M | -23.46M |
Balance Sheet | |||||
| Total Assets | 731.14M | 368.40M | 45.69M | 51.97M | 23.41M |
| Cash, Cash Equivalents and Short-Term Investments | 207.02M | 165.49M | 6.72M | 8.69M | 10.71M |
| Total Debt | 0.00 | 553.00K | 139.55K | 0.00 | 0.00 |
| Total Liabilities | 614.70M | 162.97M | 1.34M | 2.17M | 1.10M |
| Stockholders Equity | 116.64M | 205.28M | 44.34M | 49.80M | 22.31M |
Cash Flow | |||||
| Free Cash Flow | -395.58M | -92.08M | -17.79M | -8.18M | -22.79M |
| Operating Cash Flow | -35.18M | -45.77M | -17.41M | -7.93M | -22.62M |
| Investing Cash Flow | -360.58M | -116.53M | 184.50K | -15.08M | -169.95K |
| Financing Cash Flow | 473.15M | 321.49M | 15.86M | 21.26M | 45.00K |
Montage Gold Corp. Technical Analysis
Positive
16.35
Price Trends
14.60
Positive
11.83
Positive
8.76
Positive
Market Momentum
0.42
Negative
62.31
Neutral
89.12
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MAU, the sentiment is Positive. The current price of 16.35 is above the 20-day moving average (MA) of 14.64, above the 50-day MA of 14.60, and above the 200-day MA of 8.76, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 62.31 is Neutral, neither overbought nor oversold. The STOCH value of 89.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MAU.
Montage Gold Corp. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | C$4.30B | 9.79 | 44.53% | ― | 69.33% | 253.46% | |
63 Neutral | C$5.41B | -50.89 | -14.04% | ― | 49.65% | 71.84% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | C$2.29B | -15.46 | -50.94% | ― | ― | ― | |
46 Neutral | C$1.93B | -6.94 | -48.77% | ― | 70.93% | 37.37% | |
44 Neutral | C$4.60B | -77.21 | -5.07% | ― | ― | -267.06% | |
43 Neutral | C$5.96B | -69.91 | -61.95% | ― | ― | -53.84% |
* Basic Materials Sector Average
TSE:MAU
Montage Gold Corp.
16.35
13.34
443.19%
TSE:SEA
Seabridge Gold
42.85
28.96
208.50%
TSE:WDO
Wesdome Gold Mines
28.62
12.90
82.06%
TSE:SGD
Snowline Gold Corp.
13.03
6.02
85.88%
TSE:IAU
i-80 Gold Corp
2.31
1.58
216.44%
TSE:AAUC
Allied Gold Corporation
43.40
30.17
228.04%
Montage Gold Corp. Corporate Events
Business Operations and Strategy
Montage Gold Lifts Koné Project Resources and Grades Ahead of First Pour
Positive
Mar 30, 2026
Montage Gold has reported a significant upgrade to the mineral resources at its Koné project in Côte d’Ivoire, driven by 174,000 meters of drilling in 2025 across the main Koné and Gbongogo Main deposits and satellite targets....
Business Operations and Strategy
Montage Gold Fast-Tracks Koné Project Toward First Gold Pour in Late 2026
Positive
Jan 19, 2026
Montage Gold Corp. reported rapid, on-budget construction progress at its Koné gold project in Côte d’Ivoire, with over 7.2 million work hours completed, major process plant infrastructure such as all 14 CIL tanks and the oxide siz...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.