Montage Gold Corp. (CVE:MAU) Given Consensus Recommendation of “Buy” by Analysts

Shares of Montage Gold Corp. (CVE:MAU) have earned a consensus rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$3.62.

MAU has been the topic of several research analyst reports. Stifel Canada upgraded Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Stifel Nicolaus set a C$4.60 target price on Montage Gold and gave the company a “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 report on Friday, March 21st. 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 report on Tuesday.

Montage Gold Price Performance

Shares of MAU opened at C$3.07 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36. The company’s fifty day moving average price is C$2.42 and its 200-day moving average price is C$2.23. Montage Gold has a 1-year low of C$1.19 and a 1-year high of C$3.22. The firm has a market capitalization of C$1.08 billion, a PE ratio of -21.85 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.