Montage Gold Corp.

OTCPK:MAUT.F Stock Report

Market Cap: US$564.1m

Montage Gold Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: MAUT.F ($1.58) is trading below our estimate of fair value ($35.28)

Significantly Below Fair Value: MAUT.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MAUT.F?

Key metric: As MAUT.F is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for MAUT.F. This is calculated by dividing MAUT.F's market cap by their current book value.
What is MAUT.F's PB Ratio?
PB Ratio3.3x
BookCA$233.47m
Market CapCA$793.50m

Price to Book Ratio vs Peers

How does MAUT.F's PB Ratio compare to its peers?

The above table shows the PB ratio for MAUT.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.9x
MUX McEwen Mining
0.9x-106.9%US$434.5m
DRD DRDGOLD
2.2xn/aUS$826.2m
GDRZ.F Gold Reserve
4.1xn/aUS$214.8m
GROY Gold Royalty
0.4x171.6%US$213.3m
MAUT.F Montage Gold
3.3x107.1%US$793.5m

Price-To-Book vs Peers: MAUT.F is expensive based on its Price-To-Book Ratio (3.3x) compared to the peer average (1.9x).

Price to Book Ratio vs Industry

How does MAUT.F's PB Ratio compare vs other companies in the US Metals and Mining Industry?

9 CompaniesPrice / BookEstimated GrowthMarket Cap
NEVD.Q Nevada Copper
0.1xn/aUS$26.02m
VITF.F Victoria Gold
0.06xn/aUS$23.43m
GORO Gold Resource
0.2xn/aUS$14.07m
BMXI Brookmount Explorations
0.1xn/aUS$6.54m
MAUT.F 3.3xIndustry Avg. 1.7xNo. of Companies14PB012345+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: MAUT.F is expensive based on its Price-To-Book Ratio (3.3x) compared to the US Metals and Mining industry average (1.8x).

Price to Book Ratio vs Fair Ratio

What is MAUT.F'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.

MAUT.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio3.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MAUT.F's Price-To-Book Fair Ratio 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?

The above table shows the analyst MAUT.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.58
US$2.69
+70.1%
16.8%US$3.47US$2.15n/a8
Nov ’25US$1.76
US$2.67
+51.9%
16.7%US$3.48US$2.15n/a8
Oct ’25US$1.44
US$2.01
+39.3%
10.0%US$2.22US$1.63n/a8
Sep ’25US$1.35
US$1.90
+40.6%
8.3%US$2.13US$1.61n/a7
Aug ’25US$1.24
US$1.70
+37.2%
17.6%US$2.10US$1.19n/a5
Jul ’25US$0.98
US$1.50
+52.4%
18.2%US$1.82US$1.20n/a5
Jun ’25US$1.05
US$1.40
+33.1%
15.8%US$1.83US$1.21n/a5
May ’25US$0.91
US$1.39
+52.6%
15.8%US$1.82US$1.20n/a5
Apr ’25US$0.94
US$1.35
+43.6%
20.0%US$1.84US$1.11n/a5
Mar ’25US$0.65
US$1.30
+98.3%
30.9%US$1.85US$0.93n/a3
Feb ’25US$0.55
US$1.31
+137.6%
30.9%US$1.87US$0.93n/a3
Dec ’24US$0.55
US$1.48
+168.2%
11.1%US$1.68US$1.28n/a3
Nov ’24US$0.42
US$1.50
+260.2%
11.1%US$1.71US$1.30US$1.763
Oct ’24US$0.40
US$1.50
+279.1%
11.1%US$1.71US$1.30US$1.443
Sep ’24US$0.41
US$1.50
+270.9%
11.1%US$1.71US$1.30US$1.353
Aug ’24US$0.44
US$1.50
+241.4%
11.1%US$1.71US$1.30US$1.243
Jul ’24US$0.47
US$1.50
+217.9%
11.1%US$1.71US$1.30US$0.983
Jun ’24US$0.48
US$1.51
+212.0%
11.1%US$1.72US$1.31US$1.053
May ’24US$0.53
US$1.49
+180.0%
13.6%US$1.69US$1.29US$0.912
Apr ’24US$0.51
US$1.51
+195.3%
11.1%US$1.72US$1.31US$0.943
Mar ’24US$0.48
US$1.51
+210.6%
11.1%US$1.72US$1.31US$0.653
Feb ’24US$0.53
US$1.51
+186.9%
11.1%US$1.72US$1.31US$0.553
Jan ’24US$0.50
US$1.48
+197.0%
11.1%US$1.69US$1.29US$0.543
Dec ’23US$0.50
US$1.48
+198.2%
11.1%US$1.69US$1.29US$0.553
Nov ’23US$0.37
US$1.48
+297.6%
11.1%US$1.69US$1.29US$0.423

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

Huntsman

US$3.4b

Manufactures and sells diversified organic chemical products worldwide.

HUN

US$19.43

7D

0.4%

1Y

-20.1%

Ecora Resources

UK£162.5m

Operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally.

ECRA.F

UK£0.86

7D

2.0%

1Y

-29.5%

Chemtrade Logistics Income Fund

CA$1.4b

Offers industrial chemicals and services in Canada, the United States, and South America.

CGIF.F

CA$8.05

7D

-3.0%

1Y

22.0%