Montage Gold (CVE:MAU) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Montage Gold (CVE:MAU) had its target price raised by research analysts at BMO Capital Markets from C$10.00 to C$20.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 440.54% from the company’s previous close.

Several other equities analysts also recently commented on the company. Scotiabank upped their price objective on Montage Gold from C$10.00 to C$15.00 in a research note on Monday. Cormark lifted their price target on Montage Gold from C$9.75 to C$10.50 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Ventum Financial raised their target price on Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a research report on Monday, December 1st. Canaccord Genuity Group lifted their price objective on shares of Montage Gold from C$9.00 to C$11.00 and gave the company a “speculative buy” rating in a research report on Wednesday, December 17th. Finally, Raymond James Financial lifted their price objective on shares of Montage Gold from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$11.41.

Montage Gold Stock Performance

CVE MAU opened at C$3.70 on Wednesday. Montage Gold has a 1 year low of C$1.24 and a 1 year 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 firm’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 current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30.

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.