Montage Gold (CVE:MAU) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Montage Gold (CVE:MAU) had its price objective hoisted by Canaccord Genuity Group from C$11.00 to C$16.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 332.43% from the stock’s previous close.

A number of other brokerages have also recently weighed in on MAU. Stifel Nicolaus lifted their price objective on Montage Gold from C$9.25 to C$12.75 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Scotiabank increased their target price on Montage Gold from C$10.00 to C$15.00 in a research note on Monday, January 26th. National Bank Financial lifted their price target on Montage Gold from C$8.75 to C$9.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. BMO Capital Markets upped their price target on Montage Gold from C$10.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Finally, Ventum Financial increased their price objective on 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. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$11.91.

Montage Gold Stock Performance

Shares of MAU stock opened at C$3.70 on Thursday. The stock’s fifty day simple moving average is C$3.70 and its 200-day simple moving average is C$3.70. The company has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. The company has a current ratio of 8.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31. Montage Gold has a 1-year low of C$1.24 and a 1-year high of C$3.92.

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.