Montage Gold (CVE:MAU) Stock Price Expected to Rise, Scotiabank Analyst Says

Montage Gold (CVE:MAU) had its price objective boosted by equities research analysts at Scotiabank from C$10.00 to C$15.00 in a research note issued on Monday,BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 305.41% from the company’s current price.

Other research analysts also recently issued reports about the company. National Bankshares boosted their price objective on Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Stifel Nicolaus raised their price objective on Montage Gold from C$9.25 to C$12.75 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Cormark upped their price target on shares of 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. SCP Equity Research upped their price objective 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. Finally, Canaccord Genuity Group lifted their price objective on shares of Montage Gold from C$9.00 to C$11.00 and gave the stock a “speculative buy” rating in a research note on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$10.45.

Montage Gold Stock Performance

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

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.