Montage Gold (TSXV:MAU) - Stock Price, News & Analysis

MAU Stock Overview

Engages in the acquisition, exploration, and development of mineral properties in Africa.

MAU fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Risk Analysis

Earnings have declined by 20.7% per year over past 5 years

Makes less than USD$1m in revenue (CA$0)

Shareholders have been diluted in the past year

Montage Gold Corp. Competitors

Robex Resources

TSXV:RBX

CA$428.4m

Marathon Gold

TSX:MOZ

CA$365.9m

Asante Gold

CNSX:ASE

CA$485.5m

Amaroq Minerals

TSXV:AMRQ

CA$363.4m

Price History & Performance

Summary of all time highs, changes and price drops for Montage Gold
Historical stock prices
Current Share Price	CA$1.80
52 Week High	CA$1.79
52 Week Low	CA$0.51
Beta	1.37
11 Month Change	26.76%
3 Month Change	46.34%
1 Year Change	176.92%
33 Year Change	143.24%
5 Year Change	n/a
Change since IPO	57.89%

Recent updates

Shareholder Returns

	MAU	CA Metals and Mining	CA Market
7D	19.2%	4.7%	2.8%
1Y	176.9%	10.9%	12.3%

Return vs Industry: MAU exceeded the Canadian Metals and Mining industry which returned 10.9% over the past year.

Return vs Market: MAU exceeded the Canadian Market which returned 12.3% over the past year.

Price Volatility

Is MAU's price volatile compared to industry and market?
MAU volatility
MAU Average Weekly Movement	7.5%
Metals and Mining Industry Average Movement	10.2%
Market Average Movement	8.1%
10% most volatile stocks in CA Market	16.7%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: MAU's share price has been volatile over the past 3 months.

Volatility Over Time: MAU's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2019	n/a	Martino De Ciccio	www.montagegold.com

Montage Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Africa. Its flagship property is the 100% owned 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.

Montage Gold Corp. Fundamentals Summary

How do Montage Gold's earnings and revenue compare to its market cap?
MAU fundamental statistics
Market cap	CA$426.94m
Earnings (TTM)	-CA$24.04m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-18.1x

P/E Ratio

Is MAU overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MAU income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$24.04m
Earnings	-CA$24.04m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.10
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did MAU perform over the long term?

See historical performance and comparison

MAU Stock Overview

Rewards

Risk Analysis

Montage Gold Corp. Competitors

TSXV:RBX

CA$428.4m

TSX:MOZ

CA$365.9m

CNSX:ASE

CA$485.5m

TSXV:AMRQ

CA$363.4m

Price History & Performance

Recent News & Updates

Montage Gold Corp. announced that it expects to receive CAD 170 million in funding from Lundin Family Trusts, Zijin Mining Group Company Limited

New major risk - Revenue and earnings growth

Price target increased by 7.3% to CA$2.05

Independent Director recently sold CA$50k worth of stock

Independent Director exercised options to buy CA$447k worth of stock.

New major risk - Financial position

Recent updates

Montage Gold Corp. announced that it expects to receive CAD 170 million in funding from Lundin Family Trusts, Zijin Mining Group Company Limited

New major risk - Revenue and earnings growth

Price target increased by 7.3% to CA$2.05

Independent Director recently sold CA$50k worth of stock

Independent Director exercised options to buy CA$447k worth of stock.

New major risk - Financial position

Montage Gold Corp. Receives Environmental Permit for the Development of its Koné Project

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

Shareholder Returns

Price Volatility

About the Company

Montage Gold Corp. Fundamentals Summary