Montage Gold Corp. (TSE:MAU) Receives C$13.80 Average Price Target from Analysts

Shares of Montage Gold Corp. (TSE:MAU) have earned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Eleven analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$14.25.

MAU has been the topic of a number of recent analyst reports. ATB Cormark Capital Markets lifted their price target on shares of Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Canaccord Genuity Group lifted their price target on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a research report on Friday. Scotiabank lifted their price target on shares of Montage Gold from C$10.00 to C$15.00 in a research report on Monday, January 26th. National Bank Financial lifted their price target on shares of Montage Gold from C$19.00 to C$20.00 in a research report on Friday. Finally, BMO Capital Markets lifted their price target on shares of Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday.

Montage Gold Stock Performance

Shares of MAU stock opened at C$14.93 on Tuesday. The firm has a 50 day simple moving average of C$14.87. The company has a market capitalization of C$6.01 billion, a PE ratio of -106.64 and a beta of 2.39. Montage Gold has a 52-week low of C$3.74 and a 52-week 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.

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.