Montage Gold (CVE:MAU) Given New C$4.60 Price Target at Stifel Nicolaus

Montage Gold (CVE:MAU) had its price target reduced by analysts at Stifel Nicolaus from C$4.85 to C$4.60 in a report issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential upside of 114.95% from the stock’s previous close.

A number of other research firms have also issued reports on MAU. Ventum Cap Mkts upgraded Montage Gold to a “strong-buy” rating in a research note on Friday, September 27th. BMO Capital Markets increased their price objective on shares of Montage Gold from C$3.00 to C$3.75 in a research report on Friday, October 25th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$3.22.

Montage Gold Trading Up 1.9 %

MAU traded up C$0.04 during trading on Monday, hitting C$2.14. 378,989 shares of the company’s stock were exchanged, compared to its average volume of 342,729. The stock has a 50 day moving average price of C$2.24 and a 200 day moving average price of C$1.89. Montage Gold has a 1 year low of C$0.65 and a 1 year high of C$2.61. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11. The firm has a market cap of C$737.40 million, a P/E ratio of -14.27 and a beta of 1.55.

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.