Montage Gold (CVE:MAU) Price Target Raised to C$4.75 at Raymond James

Montage Gold (CVE:MAU) had its price objective lifted by equities research analysts at Raymond James from C$3.50 to C$4.75 in a report issued on Friday,BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 57.28% from the stock’s current price.

Other equities analysts have also issued reports about the company. Stifel Canada upgraded Montage Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bank Financial raised shares of Montage Gold to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Nicolaus set a C$4.60 price target on shares of Montage Gold and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Finally, Cormark upped their price objective on shares of Montage Gold from C$3.00 to C$4.50 and gave the company a “buy” rating in a research report on Tuesday, March 25th. Four investment 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, the stock presently has a consensus rating of “Buy” and an average price target of C$4.02.

Montage Gold Stock Down 5.9 %

CVE:MAU opened at C$3.02 on Friday. The stock’s fifty day simple moving average is C$2.54 and its 200-day simple moving average is C$2.29. The firm has a market capitalization of C$1.07 billion, a P/E ratio of -21.49 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30. Montage Gold has a 12-month low of C$1.19 and a 12-month high of C$3.28.

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.