Canaccord Genuity Group Boosts Montage Gold (CVE:MAU) Price Target to C$11.00

Montage Gold (CVE:MAU) had its price objective increased by analysts at Canaccord Genuity Group from C$9.00 to C$11.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 197.30% from the company’s previous close.

A number of other research firms have also issued reports on MAU. Cormark raised their price target on Montage Gold from C$9.50 to C$9.75 and gave the stock a “buy” rating in a report on Monday, November 24th. Beacon Securities boosted their target price on Montage Gold from C$6.00 to C$7.80 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Scotiabank set a C$6.25 price target on Montage Gold and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Stifel Nicolaus lifted their price objective on shares of Montage Gold from C$9.00 to C$9.25 and gave the company a “buy” rating in a research report on Monday, November 24th. Finally, Raymond James Financial boosted their price objective on shares of Montage Gold from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$9.09.

Montage Gold Stock Up 1.6%

MAU stock opened at C$3.70 on Wednesday. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. The company has a fifty day moving average price of C$3.70 and a 200 day moving average price of C$3.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36. Montage Gold has a 12 month low of C$1.24 and a 12 month high of C$3.92.

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.