Montage Gold (CVE:MAU) Trading Up 1.6% – What’s Next?

Montage Gold Corp. (CVE:MAU) shares were up 1.6% during mid-day trading on Thursday . The company traded as high as C$3.72 and last traded at C$3.70. Approximately 180,469 shares changed hands during trading, a decline of 41% from the average daily volume of 306,976 shares. The stock had previously closed at C$3.64.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MAU shares. Ventum Financial upped their price objective 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. National Bank Financial boosted their price target on shares of Montage Gold from C$8.75 to C$9.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Stifel Nicolaus increased their price target on shares of Montage Gold from C$9.25 to C$12.75 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Cormark raised their price objective 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. Finally, Raymond James Financial lifted their price objective on shares of Montage Gold from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$11.41.

Montage Gold Stock Up 1.6%

The company has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. The stock has a 50-day moving average of C$3.70 and a two-hundred day moving average of C$3.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.36 and a current ratio of 8.43.

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.