Montage Gold (CVE:MAU) Lifted to “Strong-Buy” at National Bank Financial

National Bank Financial upgraded shares of Montage Gold (CVE:MAU) to a strong-buy rating in a research note issued to investors on Monday morning, Zacks.com reports.

A number of other equities analysts also recently weighed in on the stock. Cormark lifted their target price on shares of Montage Gold from C$1.85 to C$2.00 in a research note on Wednesday, July 10th. Stifel Nicolaus lifted their price objective on Montage Gold from C$1.75 to C$2.20 in a research report on Thursday, July 11th. National Bankshares set a C$2.50 price objective on Montage Gold and gave the company an outperform rating in a research note on Tuesday. Finally, Raymond James raised their target price on Montage Gold from C$1.50 to C$1.65 in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Montage Gold presently has an average rating of Buy and a consensus price target of C$2.09.

Montage Gold Trading Up 0.6 %

Shares of MAU stock opened at C$1.69 on Monday. Montage Gold has a 1-year low of C$0.51 and a 1-year high of C$1.87. The company has a current ratio of 5.77, a quick ratio of 0.36 and a debt-to-equity ratio of 0.32. The stock has a market cap of C$397.66 million, a price-to-earnings ratio of -12.07 and a beta of 1.31. The stock has a 50-day moving average of C$1.47 and a 200-day moving average of C$1.17.

Montage Gold (CVE:MAU) last released its earnings results on Monday, April 29th. The company reported C($0.06) earnings per share for the quarter. On average, equities research analysts forecast that Montage Gold will post -0.04 earnings per share for the current year.

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.