Montage Gold (CVE:MAU) Price Target Raised to C$4.85

Montage Gold (CVE:MAU) had its price objective hoisted by Stifel Nicolaus from C$3.20 to C$4.85 in a report published on Wednesday, BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on the company. Ventum Cap Mkts raised Montage Gold to a “strong-buy” rating in a research report on Friday, September 27th. BMO Capital Markets lifted their target price on shares of Montage Gold from C$3.00 to C$3.75 in a report on Friday, October 25th. National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. Cormark lifted their price objective on Montage Gold from C$2.00 to C$2.50 in a research note on Thursday, August 15th. Finally, Raymond James increased their target price on Montage Gold from C$1.65 to C$2.75 in a research note on Thursday, August 15th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Montage Gold has a consensus rating of “Buy” and an average price target of C$3.27.

Montage Gold Stock Performance

CVE:MAU opened at C$2.48 on Wednesday. The stock’s 50-day moving average is C$1.98 and its two-hundred day moving average is C$1.67. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36. The stock has a market cap of C$854.56 million, a PE ratio of -16.53 and a beta of 1.55. Montage Gold has a fifty-two week low of C$0.61 and a fifty-two week high of C$2.61.

Montage Gold (CVE:MAU) last released its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). As a group, equities research analysts forecast that Montage Gold will post -0.04 earnings per share for the current fiscal year.

Montage Gold Company Profile

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 2,259 square kilometers located in the Côte d'Ivoire, West Africa. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.