Montage Gold Future Growth

Future criteria checks 0/6

Montage Gold's earnings are forecast to decline at 13.4% per annum while its annual revenue is expected to grow at 64.9% per year. EPS is expected to grow by 66.3% per annum. Return on equity is forecast to be -19.2% in 3 years.

Key information

-13.4%

Earnings growth rate

66.3%

EPS growth rate

Metals and Mining earnings growth	29.6%
Revenue growth rate	64.9%
Future return on equity	-19.2%
Analyst coverage	Low
Last updated	22 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

TSXV:MAU - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	N/A	N/A	-534	-29	1
12/31/2025	N/A	N/A	-228	-8	1
12/31/2024	N/A	-22	-39	-14	3
12/31/2023	N/A	-22	-15	-17	3
9/30/2023	N/A	-18	-32	-17	N/A
6/30/2023	N/A	-17	-29	-14	N/A
3/31/2023	N/A	-13	-25	-10	N/A
12/31/2022	N/A	-10	-23	-8	N/A
9/30/2022	N/A	-9	-8	-8	N/A
6/30/2022	N/A	-11	-12	-12	N/A
3/31/2022	N/A	-18	-20	-20	N/A
12/31/2021	N/A	-23	-23	-23	N/A
9/30/2021	N/A	-25	-25	-25	N/A
6/30/2021	N/A	-24	-21	-21	N/A
3/31/2021	N/A	-17	-13	-13	N/A
12/31/2020	N/A	-10	-9	-9	N/A
9/30/2020	N/A	-7	-6	-6	N/A
6/30/2020	N/A	-6	-5	-5	N/A
3/31/2020	N/A	-5	-5	-5	N/A
12/31/2019	N/A	-5	-4	-4	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAU is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MAU is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MAU is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MAU is forecast to have no revenue next year.

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

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MAU is forecast to be unprofitable in 3 years.

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Montage Gold Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target decreased by 18% to CA$1.88

Price target increased by 9.5% to CA$2.30

Recent updates

Montage Gold Corp., Annual General Meeting, Jun 07, 2024

Montage Gold Announces Chief Financial Officer Changes

Montage Gold Corp. announced that it has received CAD 35.21 million in funding from Lundin Group and other investors

Montage Gold Corp. announced that it has received CAD 35.21 million in funding from Lundin Group and other investors

Montage Gold Corp. announced that it expects to receive CAD 20 million in funding from Lundin Group

Price target decreased by 18% to CA$1.88

Montage Gold Corp. Announces Results of the Updated Definitive Feasibility Study for the Kone Gold Project Located in Cote d'Ivoire

Price target increased by 9.5% to CA$2.30

Montage Gold Corp. Report an Updated Mineral Resource Estimate for the Koné Gold Project in Côte D'ivoire

New major risk - Financial position

CEO & Director recently bought CA$204k worth of stock

Montage Gold Corp. Releases First Results from Satellite Drill Program including 78m of 2.70g/t Gold at Gbongogo and 20m of 7.22g/t Gold at Lokolo Main

President & Non-Independent Director exercised options to buy CA$186k worth of stock.

Montage Gold Corp. (TSXV:MAU) completed the acquisition of Mankono-Sissédougou Joint Venture Project from Barrick Gold Corporation (TSX:ABX) and Endeavour Mining plc (TSX:EDV).

Is Montage Gold (CVE:MAU) In A Good Position To Invest In Growth?

Chief Financial Officer exercised options and sold CA$180b worth of stock

Montage Gold Corp. Announces Government Approval of Mankono Exploration Permits and Provides Corporate Updates

Montage Gold Corp. Announces CEO Changes

Montage Gold Corp. announced that it has received CAD 20 million in funding

Montage Gold Corp. (TSXV:MAU) entered into an agreement to acquire Mankono-Sissédougou Joint Venture Project from Barrick Gold Corporation (TSX:ABX) and Endeavour Mining plc (TSX:EDV) for CAD 30 million.

Montage Gold Corp. Announces Board Changes

High number of new and inexperienced directors

Montage Gold Corp. Expands Regional Exploration at Koné Gold Project

Montage Gold Corp., Annual General Meeting, Jun 09, 2022

Montage Gold Corp. Announces Koné Gold Project DFS with After-Tax NPV of $746 Million and 35% IRR

Montage Gold Corp. Provides an Update on the Ongoing Definitive Feasibility Study At the Koné Gold Project in Côte D'ivoire as Well as Continued Exploration Activities Within Project Area

Companies Like Montage Gold (CVE:MAU) Could Be Quite Risky

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Montage Gold Corp. More Than Doubles Footprint at Koné Gold Project and Drills 8m at 3.15g/t Au 8km East of Koné

Montage Gold Corp. Reports Maiden Indicated Mineral Resource of 4.27Moz

We Think Montage Gold (CVE:MAU) Needs To Drive Business Growth Carefully

Montage Gold Corp. Reports Final Infill Drill Results and Provides Project Updates

Montage Gold Corp. Reports Infill Drill Results and Feasibility Study Update

Montage Announces Koné Gold Project PEA with After-Tax NPV of $652M and 31% IRR

Montage Reports Positive Infill Drill Results Including 4.95m Grading 22.25g/t within 200.50m Grading 1.51g/t

We're Not Worried About Montage Gold's (CVE:MAU) Cash Burn

Montage Gold Corp. Reports Positive Infill Drill Results Including 79.2m at 1.55g/t and Provides PEA Update

New 90-day low: CA$0.80

Montage Gold Corp. Reports Positive Metallurgical Test Results

New 90-day high: CA$1.01

Montage Increases Inferred Mineral Resource at Koné Deposit to 3.16Moz

Montage Gold Corp. Doubles Mineralized Strike and Depth of Koné Deposit

Montage Gold Corp. Reports Progress at Morondo Gold Project and Near-Term Milestones

Montage Gold Corp. announced that it has received CAD 0.05 million in funding

Montage Gold Corp. Announces the Start of a 50,000m Drill Program and Development Plans for Its Morondo Gold Project in Côte d'Ivoire

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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