company background image
MAU

Montage Gold TSXV:MAU Stock Report

Last Price

CA$0.61

Market Cap

CA$69.5m

7D

-6.2%

1Y

-9.0%

Updated

16 Aug, 2022

Data

Company Financials +
MAU fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MAU Stock Overview

Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of mineral properties.

Montage Gold Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Montage Gold
Historical stock prices
Current Share PriceCA$0.61
52 Week HighCA$0.95
52 Week LowCA$0.48
Beta0
1 Month Change23.23%
3 Month Change-7.58%
1 Year Change-8.96%
3 Year Changen/a
5 Year Changen/a
Change since IPO-46.49%

Recent News & Updates

Shareholder Returns

MAUCA Metals and MiningCA Market
7D-6.2%0.9%2.5%
1Y-9.0%-14.4%1.0%

Return vs Industry: MAU exceeded the Canadian Metals and Mining industry which returned -14.4% over the past year.

Return vs Market: MAU underperformed the Canadian Market which returned 1% over the past year.

Price Volatility

Is MAU's price volatile compared to industry and market?
MAU volatility
MAU Average Weekly Movement8.6%
Metals and Mining Industry Average Movement11.5%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.3%

Stable Share Price: MAU is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: MAU's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2019n/aHugh Stuarthttps://www.montagegoldcorp.com

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 Côte d’Ivoire, West Africa. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.

Montage Gold Fundamentals Summary

How do Montage Gold's earnings and revenue compare to its market cap?
MAU fundamental statistics
Market CapCA$69.49m
Earnings (TTM)-CA$17.61m
Revenue (TTM)n/a

0.0x

P/S Ratio

-3.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAU income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$17.61m
Earnings-CA$17.61m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.15
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did MAU perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MAU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MAU?

Other financial metrics that can be useful for relative valuation.

MAU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-3.5x
PEG Ration/a

Price to Book Ratio vs Peers

How does MAU's PB Ratio compare to its peers?

MAU PB Ratio vs Peers
The above table shows the PB ratio for MAU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average10.2x
MGM Maple Gold Mines
4.4x-43.5%CA$63.9m
IRV Irving Resources
1.9xn/aCA$71.6m
ROS Roscan Gold
33.4xn/aCA$88.2m
HIGH HighGold Mining
1.1xn/aCA$65.7m
MAU Montage Gold
3.5xn/aCA$69.5m

Price-To-Book vs Peers: MAU is good value based on its Price-To-Book Ratio (3.5x) compared to the peer average (10.2x).


Price to Earnings Ratio vs Industry

How does MAU's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Book vs Industry: MAU is expensive based on its Price-To-Book Ratio (3.5x) compared to the Canadian Metals and Mining industry average (1.6x)


Price to Book Ratio vs Fair Ratio

What is MAU's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAU PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio3.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MAU's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MAU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MAU's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MAU's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Montage Gold forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.2%

Forecasted Materials industry annual growth in earnings

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MAU's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if MAU's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if MAU's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if MAU's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: MAU is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MAU's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Montage Gold performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-56.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MAU is currently unprofitable.

Growing Profit Margin: MAU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MAU is unprofitable, and losses have increased over the past 5 years at a rate of 56.2% per year.

Accelerating Growth: Unable to compare MAU's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MAU is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-15.8%).


Return on Equity

High ROE: MAU has a negative Return on Equity (-89.5%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Montage Gold's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MAU's short term assets (CA$9.1M) exceed its short term liabilities (CA$1.1M).

Long Term Liabilities: MAU has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MAU is debt free.

Reducing Debt: MAU has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MAU has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: MAU is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.


Discover healthy companies

Dividend

What is Montage Gold current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MAU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MAU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MAU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MAU's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MAU has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average board tenure


CEO

Hugh Stuart (58 yo)

no data

Tenure

CA$336,345

Compensation

Mr. Hugh David Stuart, BSc, MSc, MAusIMM has been a Director of Orca Gold Inc. since December 19, 2014. He serves as Chief Executive Officer at Montage Gold Corp and serves as its Non-Independent Director...


CEO Compensation Analysis

Compensation vs Market: Hugh's total compensation ($USD261.22K) is above average for companies of similar size in the Canadian market ($USD185.86K).

Compensation vs Earnings: Hugh's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: MAU's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.4%.


Top Shareholders

Company Information

Montage Gold Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Montage Gold Corp.
  • Ticker: MAU
  • Exchange: TSXV
  • Founded: 2019
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$69.486m
  • Shares outstanding: 113.91m
  • Website: https://www.montagegoldcorp.com

Location

  • Montage Gold Corp.
  • 2000 HSBC Building
  • Suite 2000
  • Vancouver
  • British Columbia
  • V6C 3E8
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.