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

Montage Gold Corp. (CVE:MAU) has been assigned an average recommendation of “Buy” from the twelve research firms that are covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$9.09.

Several equities research analysts have commented on MAU shares. Canaccord Genuity Group boosted their target price on shares of Montage Gold from C$9.00 to C$11.00 and gave the stock a “speculative buy” rating in a research report on Wednesday, December 17th. Beacon Securities boosted their price objective on shares of Montage Gold from C$6.00 to C$7.80 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Ventum Financial upped their target price on shares of Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a research report on Monday, December 1st. Raymond James Financial lifted their price target on shares of Montage Gold from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Cormark boosted their price target on Montage Gold from C$9.75 to C$10.50 and gave the stock a “buy” rating in a research note on Thursday, December 18th.

Montage Gold Price Performance

Montage Gold stock opened at C$3.70 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36. The business has a 50 day simple moving average of C$3.70 and a 200-day simple moving average of C$3.70. Montage Gold has a 12 month low of C$1.24 and a 12 month high of C$3.92. The stock has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55.

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.