Montage Gold (CVE:MAU) Given New C$4.50 Price Target at Cormark

Montage Gold (CVE:MAU) had its target price hoisted by Cormark from C$3.00 to C$4.50 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

MAU has been the topic of several other reports. Stifel Nicolaus set a C$4.60 price target on Montage Gold and gave the company a “buy” rating in a research report on Wednesday, March 19th. Stifel Canada raised shares of Montage Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research report on Friday, March 21st. Four research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Montage Gold presently has a consensus rating of “Buy” and a consensus price target of C$3.62.

Montage Gold Trading Up 5.9 %

Shares of CVE:MAU opened at C$3.16 on Tuesday. The company has a market capitalization of C$1.12 billion, a P/E ratio of -22.49 and a beta of 1.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. The company has a 50-day simple moving average of C$2.39 and a 200 day simple moving average of C$2.22. Montage Gold has a 52-week low of C$1.18 and a 52-week high of C$3.19.

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.