Montage Gold (CVE:MAU) Price Target Raised to C$4.50

Montage Gold (CVE:MAU) had its target price boosted by Cormark from C$3.00 to C$4.50 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. Cormark currently has a buy rating on the stock.

Several other analysts have also weighed in on the stock. Stifel Nicolaus set a C$4.60 price objective on shares of Montage Gold and gave the company a “buy” rating in a research note on Wednesday, March 19th. Stifel Canada raised shares of Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a report on Friday, March 21st. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Montage Gold currently has an average rating of “Buy” and a consensus price target of C$3.62.

Montage Gold Price Performance

MAU stock opened at C$3.07 on Tuesday. The company has a market capitalization of C$1.08 billion, a P/E ratio of -21.85 and a beta of 1.55. The company has a fifty day moving average price of C$2.42 and a 200-day moving average price of C$2.23. 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 52-week low of C$1.19 and a 52-week high of C$3.22.

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.