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

Shares of Montage Gold Corp. (CVE:MAU) have been given an average rating of “Buy” by the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$8.78.

Several brokerages have issued reports on MAU. National Bankshares raised their price objective on Montage Gold from C$8.75 to C$9.50 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. SCP Equity Research upped their target price on Montage Gold from C$6.50 to C$8.75 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Beacon Securities lifted their price target on Montage Gold from C$6.00 to C$7.80 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Scotiabank set a C$6.25 price objective on Montage Gold and gave the company an “outperform” rating in a research note on Thursday, September 4th. Finally, Canaccord Genuity Group raised their target price on shares of Montage Gold from C$8.00 to C$9.00 in a research report on Tuesday, November 18th.

Montage Gold Price Performance

Shares of CVE:MAU opened at C$3.70 on Friday. Montage Gold has a 12 month low of C$1.24 and a 12 month high of C$3.92. The firm has a market capitalization of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. 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$3.70 and its 200 day moving average price is C$3.70.

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.