Montage Gold Corp. (CVE:MAU) Receives C$11.41 Average PT from Brokerages

Montage Gold Corp. (CVE:MAU) has earned an average recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$11.41.

A number of equities analysts have issued reports on MAU shares. BMO Capital Markets lifted their price target on Montage Gold from C$10.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Canaccord Genuity Group boosted their target price on Montage Gold from C$9.00 to C$11.00 and gave the company a “speculative buy” rating in a research note on Wednesday, December 17th. National Bank Financial raised their price target on Montage Gold from C$8.75 to C$9.50 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Stifel Nicolaus increased their target price 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. Finally, Cormark lifted their target price on shares of Montage Gold from C$9.75 to C$10.50 and gave the company a “buy” rating in a research report on Thursday, December 18th.

Montage Gold Trading Up 1.6%

Shares of Montage Gold stock opened at C$3.70 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.36 and a current ratio of 8.43. The stock has a 50 day moving average price of C$3.70 and a two-hundred day moving average price of C$3.70. Montage Gold has a 52 week low of C$1.24 and a 52 week 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.