Raymond James Boosts Montage Gold (CVE:MAU) Price Target to C$1.65

Montage Gold (CVE:MAU) had its target price boosted by research analysts at Raymond James from C$1.50 to C$1.65 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 36.36% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Stifel Canada restated a “buy” rating on shares of Montage Gold in a research report on Thursday, February 1st. Stifel Nicolaus raised their price objective on shares of Montage Gold from C$1.50 to C$1.75 in a research report on Friday.

Montage Gold Price Performance

Montage Gold stock remained flat at C$1.21 during midday trading on Tuesday. 78,270 shares of the company traded hands, compared to its average volume of 183,723. Montage Gold has a 52-week low of C$0.51 and a 52-week high of C$1.41. The firm has a market cap of C$284.71 million, a PE ratio of -11.00 and a beta of 1.09. The stock’s fifty day moving average price is C$1.07 and its 200-day moving average price is C$0.81.

Insiders Place Their Bets

In other Montage Gold news, Senior Officer Kevin John Ross sold 168,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$0.83, for a total transaction of C$139,440.00. 49.83% of the stock is currently owned by insiders.

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.