Stifel Nicolaus Raises Montage Gold (CVE:MAU) Price Target to C$12.75

Montage Gold (CVE:MAU) had its price objective lifted by equities research analysts at Stifel Nicolaus from C$9.25 to C$12.75 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 244.59% from the stock’s current price.

MAU has been the subject of a number of other research reports. National Bankshares increased their target price on shares of Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. SCP Equity Research increased their price objective on shares of Montage Gold from C$6.50 to C$8.75 and gave the company a “buy” rating in a report on Tuesday, October 7th. Beacon Securities raised their price objective on shares of Montage Gold from C$6.00 to C$7.80 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Canaccord Genuity Group boosted their target price on Montage Gold from C$9.00 to C$11.00 and gave the stock a “speculative buy” rating in a report on Wednesday, December 17th. Finally, Cormark increased their price target on Montage Gold from C$9.75 to C$10.50 and gave the company a “buy” rating in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, Montage Gold currently has an average rating of “Buy” and a consensus target price of C$9.48.

Montage Gold Stock Up 1.6%

Shares of Montage Gold stock opened at C$3.70 on Tuesday. 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 1-year low of C$1.24 and a 1-year high of C$3.92. The business’s fifty day moving average price is C$3.70 and its two-hundred day moving average price is C$3.70. The company has a market capitalization of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55.

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.