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

Shares of Montage Gold Corp. (TSE:MAU) have been assigned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is C$14.62.

A number of analysts have weighed in on MAU shares. BMO Capital Markets raised their price objective on shares of Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. National Bank Financial raised their price objective on shares of Montage Gold from C$19.00 to C$20.00 in a research note on Friday, May 15th. Stifel Nicolaus raised their price objective on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Canaccord Genuity Group raised their price objective on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “speculative buy” rating in a research note on Friday, May 15th. Finally, ATB Cormark Capital Markets raised their price objective on shares of Montage Gold from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st.

Montage Gold Stock Up 0.8%

Shares of Montage Gold stock opened at C$16.13 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.36. The company has a 50-day moving average of C$15.06 and a 200 day moving average of C$13.32. The firm has a market cap of C$6.50 billion, a price-to-earnings ratio of -84.89 and a beta of 2.13. Montage Gold has a 1 year low of C$4.26 and a 1 year high of C$17.60.

Montage Gold (TSE:MAU) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.03 earnings per share for the quarter. As a group, sell-side analysts anticipate that Montage Gold will post -0.04 earnings per share for the current fiscal year.

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.