Montage Gold (CVE:MAU) Trading 1.6% Higher – Should You Buy?

Montage Gold Corp. (CVE:MAU) rose 1.6% during trading on Monday . The stock traded as high as C$3.72 and last traded at C$3.70. Approximately 180,469 shares changed hands during trading, a decline of 41% from the average daily volume of 306,976 shares. The stock had previously closed at C$3.64.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MAU. Raymond James Financial boosted their price objective on Montage Gold from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. BMO Capital Markets increased their target price on shares of Montage Gold from C$10.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Ventum Financial lifted their price target on shares of Montage Gold from C$8.00 to C$9.75 and gave the company a “buy” rating in a research report on Monday, December 1st. Stifel Nicolaus upped their target price 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. Finally, Scotiabank raised their price target on Montage Gold from C$10.00 to C$15.00 in a research report on Monday, January 26th. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Montage Gold currently has a consensus rating of “Buy” and an average target price of C$11.41.

Montage Gold Stock Performance

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 debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. The company has a fifty day moving average of C$3.70 and a two-hundred day moving average of C$3.70.

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.