Montage Gold Corp. (CVE:MAU) Receives C$3.22 Consensus Target Price from Analysts

Montage Gold Corp. (CVE:MAU) has been given a consensus recommendation of “Buy” by the seven ratings firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$3.62.

A number of equities research analysts recently weighed in on MAU shares. Cormark lifted 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 report on Tuesday. National Bank Financial raised 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 Montage Gold and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Finally, Stifel Canada upgraded shares of Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th.

Montage Gold Trading Up 5.9 %

MAU opened at C$3.16 on Friday. The stock’s 50 day moving average price is C$2.39 and its 200-day moving average price is C$2.22. The stock has a market cap of C$1.12 billion, a price-to-earnings 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. Montage Gold has a one year low of C$1.18 and a one year 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.