Montage Gold (TSE:MAU) Price Target Raised to C$18.00 at Canaccord Genuity Group

Montage Gold (TSE:MAU) had its target price upped by Canaccord Genuity Group from C$16.00 to C$18.00 in a report issued on Friday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. National Bank Financial raised their price target on Montage Gold from C$19.00 to C$20.00 in a research note on Friday. Scotiabank lifted their target price on Montage Gold from C$10.00 to C$15.00 in a research report on Monday, January 26th. Stifel Nicolaus lifted their target price on Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. BMO Capital Markets lifted their target price on Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday. Finally, ATB Cormark Capital Markets lifted their target price on Montage Gold from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$14.25.

Montage Gold Price Performance

MAU stock opened at C$14.93 on Friday. The stock has a market cap of C$6.01 billion, a P/E ratio of -106.64 and a beta of 2.39. Montage Gold has a 1 year low of C$3.74 and a 1 year high of C$17.30. The company has a current ratio of 8.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average price of C$14.87.

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.