Montage Gold Corp. (CVE:MAU) Given Consensus Rating of “Buy” by Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have been assigned a consensus rating of “Buy” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$11.41.

A number of analysts have recently commented on the company. Raymond James Financial upped their target price on 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. Cormark upped their price objective 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. Stifel Nicolaus raised their price objective on shares of 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. BMO Capital Markets boosted their target price on shares of Montage Gold from C$10.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Scotiabank increased their price target on shares of Montage Gold from C$10.00 to C$15.00 in a report on Monday, January 26th.

Montage Gold Price Performance

CVE:MAU opened at C$3.70 on Friday. The firm’s fifty day moving average is C$3.70 and its two-hundred day moving average is C$3.70. The firm 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. Montage Gold has a one year low of C$1.24 and a one year high of C$3.92.

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.