Montage Gold (CVE:MAU) Upgraded to “Strong-Buy” at Stifel Canada

Stifel Canada upgraded shares of Montage Gold (CVE:MAU) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Montage Gold’s FY2029 earnings at $0.63 EPS.

Separately, Stifel Nicolaus set a C$4.60 price target on shares of Montage Gold and gave the company a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Montage Gold presently has a consensus rating of “Strong Buy” and a consensus price target of C$3.22.

Montage Gold Price Performance

Shares of CVE MAU opened at C$2.87 on Wednesday. Montage Gold has a twelve month low of C$1.13 and a twelve month high of C$3.00. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30. The company has a market capitalization of C$1.01 billion, a PE ratio of -20.42 and a beta of 1.55. The firm has a fifty day simple moving average of C$2.36 and a 200 day simple moving average of C$2.19.

About Montage Gold

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.