Montage Gold Corp. (CVE:MAU) Receives Average Rating of “Buy” from Analysts

Montage Gold Corp. (CVE:MAU) has received a consensus recommendation of “Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$11.41.

A number of analysts recently issued reports on the stock. Scotiabank lifted their price target on shares of Montage Gold from C$10.00 to C$15.00 in a research note on Monday, January 26th. Cormark increased their price objective 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. Raymond James Financial raised 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 report on Wednesday, November 26th. Canaccord Genuity Group boosted their target price on shares of Montage Gold from C$9.00 to C$11.00 and gave the stock a “speculative buy” rating in a research report on Wednesday, December 17th. Finally, Stifel Nicolaus upped their target price on shares of Montage Gold from C$9.25 to C$12.75 and gave the company a “buy” rating in a research note on Tuesday, January 20th.

Montage Gold Price Performance

MAU stock opened at C$3.70 on Monday. The stock’s 50 day moving average is C$3.70 and its two-hundred day moving average is C$3.70. Montage Gold has a 52-week low of C$1.24 and a 52-week high of C$3.92. The company has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 8.43 and a debt-to-equity ratio of 0.31.

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.