Montage Gold (CVE:MAU) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Montage Gold (CVE:MAU) had its target price upped by investment analysts at Stifel Nicolaus from C$3.20 to C$4.85 in a research note issued to investors on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ price objective suggests a potential upside of 89.82% from the company’s previous close.

MAU has been the subject of a number of other reports. National Bankshares set a C$2.50 price objective on shares of Montage Gold and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Ventum Cap Mkts upgraded Montage Gold to a “strong-buy” rating in a research report on Friday, September 27th. BMO Capital Markets upped their price objective on Montage Gold from C$3.00 to C$3.75 in a research report on Friday, October 25th. Raymond James lifted their target price on Montage Gold from C$1.65 to C$2.75 in a report on Thursday, August 15th. Finally, National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Montage Gold presently has an average rating of “Buy” and an average target price of C$3.27.

Montage Gold Price Performance

CVE MAU traded up C$0.07 during trading on Wednesday, hitting C$2.56. 886,624 shares of the stock traded hands, compared to its average volume of 340,313. The company has a quick ratio of 0.36, a current ratio of 5.75 and a debt-to-equity ratio of 1.11. Montage Gold has a 12-month low of C$0.58 and a 12-month high of C$2.61. The firm has a 50-day simple moving average of C$1.94 and a 200-day simple moving average of C$1.65. The company has a market capitalization of C$880.40 million, a P/E ratio of -17.07 and a beta of 1.55.

Montage Gold (CVE:MAU) last posted its earnings results on Thursday, August 22nd. The company reported C($0.03) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). As a group, analysts predict that Montage Gold will post -0.04 EPS for the current year.

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.