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National Bank of Canada Retains Montage Gold's Outperform Rating, $8 Price Target

BY MT Newswires | ECONOMIC | 10/06/25 11:27 AM EDT

11:27 AM EDT, 10/06/2025 (MT Newswires) -- National Bank of Canada Monday kept Montage Gold (MAUTF) 's outperform rating and C$8 price target.

Montage Gold (MAUTF) recently provided a construction update on the Kone project in Cote d'Ivoire, including progress at the oxide circuit, where construction is underway with an additional capex of US$25 million.

The oxide circuit is expected to provide Montage with greater operational flexibility and the ability to leverage the near-surface oxide material earlier than previously expected, the bank said.

The bank expects the market to positively receive Montage's update as it delineates the potential to both increase production early on but also fast-track initial production ahead of the second quarter of 2027 that was previously estimated.

Montage's share price gained 2.5% at last look to $6.86 per share on the Toronto Stock Exchange.

Price: 6.87, Change: +0.18, Percent Change: +2.69

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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