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

Shares of Montage Gold Corp. (CVE:MAU) have received an average recommendation of “Buy” from the twelve research firms that are currently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$9.01.

Several equities research analysts have issued reports on the company. Ventum Financial raised their target price on Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a research note on Monday, December 1st. Stifel Nicolaus raised their price objective on Montage Gold from C$9.00 to C$9.25 and gave the stock a “buy” rating in a research report on Monday, November 24th. SCP Equity Research upped their target price on shares of Montage Gold from C$6.50 to C$8.75 and gave the company a “buy” rating in a research report on Tuesday, October 7th. National Bankshares lifted their price target on shares of Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Beacon Securities boosted their price target on shares of Montage Gold from C$6.00 to C$7.80 and gave the company a “buy” rating in a research note on Tuesday, September 23rd.

Montage Gold Stock Performance

Montage Gold stock opened at C$3.70 on Friday. The firm has a 50 day simple moving average of C$3.70 and a 200-day simple moving average of C$3.70. The stock 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 current ratio of 26.33 and a quick ratio of 0.36. Montage Gold has a 1-year low of C$1.24 and a 1-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.