Montage Gold (TSE:MAU) Price Target Raised to C$20.00

Montage Gold (TSE:MAU) had its price target increased by Scotiabank from C$19.00 to C$20.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. Scotiabank currently has a sector outperform rating on the stock.

Several other equities analysts also recently commented on the stock. BMO Capital Markets boosted their target price on shares of Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. National Bank Financial raised their target price on shares of Montage Gold from C$19.00 to C$20.00 in a research note on Friday, May 15th. Canaccord Genuity Group lifted their price target on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “speculative buy” rating in a report on Friday, May 15th. ATB Cormark Capital Markets boosted their price target on shares of Montage Gold from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their price objective on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$16.77.

Montage Gold Stock Down 0.3%

TSE MAU opened at C$18.76 on Wednesday. The stock’s 50 day moving average is C$16.40 and its 200 day moving average is C$14.48. The company has a current ratio of 8.43, a quick ratio of 0.35 and a debt-to-equity ratio of 0.31. Montage Gold has a 12 month low of C$5.03 and a 12 month high of C$19.28. The stock has a market cap of C$7.58 billion, a PE ratio of -144.31 and a beta of 2.30.

Montage Gold (TSE:MAU) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) earnings per share for the quarter. Research analysts predict that Montage Gold will post -0.04 EPS for the current fiscal year.

Montage Gold Company Profile

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.