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

Shares of Montage Gold Corp. (CVE:MAU) have been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$4.29.

Several equities analysts have issued reports on the stock. Stifel Canada upgraded shares of Montage Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus upped their price target on shares of Montage Gold from C$4.60 to C$5.00 in a research report on Monday, April 21st. Cormark upped their price target on shares of Montage Gold from C$3.00 to C$4.50 and gave the company a “buy” rating in a research report on Tuesday, March 25th. Ventum Financial upped their price target on shares of Montage Gold from C$4.90 to C$5.25 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, Ventum Cap Mkts upgraded shares of Montage Gold to a “strong-buy” rating in a research report on Thursday, May 1st.

Insider Transactions at Montage Gold

In related news, Director David Field sold 93,100 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of C$3.03, for a total transaction of C$282,093.00. Also, Director Anu Dhir sold 130,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of C$3.60, for a total transaction of C$468,000.00. 34.16% of the stock is currently owned by corporate insiders.

Montage Gold Trading Up 1.6%

Shares of CVE MAU opened at C$3.70 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. Montage Gold has a 52-week low of C$1.24 and a 52-week high of C$3.92. The firm has a 50 day moving average price of C$3.70 and a two-hundred day moving average price of C$2.94. The stock has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55.

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.