BMO Capital Markets Issues Positive Forecast for Montage Gold (CVE:MAU) Stock Price

Montage Gold (CVE:MAU) had its target price hoisted by analysts at BMO Capital Markets from C$10.00 to C$20.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 440.54% from the stock’s current price.

MAU has been the subject of a number of other research reports. Ventum Financial boosted 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 note on Monday, December 1st. Raymond James Financial increased their price target on shares of Montage Gold from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Canaccord Genuity Group raised their target price on Montage Gold from C$9.00 to C$11.00 and gave the company a “speculative buy” rating in a report on Wednesday, December 17th. Scotiabank lifted their target price on shares of Montage Gold from C$10.00 to C$15.00 in a research report on Monday. Finally, Stifel Nicolaus boosted their price target on Montage Gold from C$9.25 to C$12.75 and gave the company a “buy” rating in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$11.41.

Montage Gold Trading Up 1.6%

MAU traded up C$0.06 on Wednesday, reaching C$3.70. 180,469 shares of the company traded hands, compared to its average volume of 306,976. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of C$3.70 and a two-hundred day simple moving average of C$3.70. The company has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. Montage Gold has a one year low of C$1.24 and a one year high of C$3.92.

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.