Analysts Set Montage Gold Corp. (CVE:MAU) PT at C$3.27

Shares of Montage Gold Corp. (CVE:MAU) have received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$3.27.

A number of brokerages recently issued reports on MAU. BMO Capital Markets boosted their price target on Montage Gold from C$3.00 to C$3.75 in a report on Friday, October 25th. Stifel Nicolaus increased their price target on Montage Gold from C$3.20 to C$4.85 in a research report on Wednesday, October 30th. Raymond James lifted their price objective on Montage Gold from C$1.65 to C$2.75 in a report on Thursday, August 15th. Ventum Cap Mkts raised shares of Montage Gold to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Cormark upped their price target on shares of Montage Gold from C$2.00 to C$2.50 in a research report on Thursday, August 15th.

Montage Gold Trading Up 0.9 %

Shares of MAU opened at C$2.23 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36. The firm has a market capitalization of C$768.41 million, a price-to-earnings ratio of -14.90 and a beta of 1.55. The company has a 50-day moving average of C$2.17 and a 200 day moving average of C$1.80. Montage Gold has a 1-year low of C$0.65 and a 1-year high of C$2.61.

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.