Montage Gold Corp. (CVE:MAU) Receives C$3.27 Consensus Price Target from Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$3.22.

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Montage Gold from C$3.00 to C$3.75 in a research report on Friday, October 25th. Stifel Nicolaus dropped their target price on Montage Gold from C$4.85 to C$4.60 in a report on Monday. Finally, Ventum Cap Mkts raised Montage Gold to a “strong-buy” rating in a research note on Friday, September 27th.

Montage Gold Trading Up 0.5 %

Shares of MAU stock opened at C$2.13 on Wednesday. The firm has a fifty day moving average of C$2.24 and a 200-day moving average of C$1.90. The stock has a market cap of C$733.96 million, a price-to-earnings ratio of -14.20 and a beta of 1.55. Montage Gold has a 52-week low of C$0.65 and a 52-week high of C$2.61. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.36 and a current ratio of 5.75.

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.