Montage Gold (CVE:MAU) PT Raised to C$2.50 at Cormark

Montage Gold (CVE:MAU) had its price target lifted by Cormark from C$2.00 to C$2.50 in a research report sent to investors on Thursday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. National Bankshares set a C$2.50 target price on shares of Montage Gold and gave the stock an outperform rating in a research report on Tuesday, July 23rd. Raymond James boosted their price objective on shares of Montage Gold from C$1.65 to C$2.75 in a research report on Thursday. National Bank Financial upgraded shares of Montage Gold to a strong-buy rating in a research report on Monday, July 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Montage Gold from C$1.75 to C$2.20 in a research report on Thursday, July 11th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of C$2.49.

Montage Gold Price Performance

Shares of CVE:MAU opened at C$2.02 on Thursday. The stock has a market cap of C$482.96 million, a PE ratio of -14.43 and a beta of 1.54. The company’s fifty day moving average is C$1.58 and its 200 day moving average is C$1.30. Montage Gold has a 52 week low of C$0.51 and a 52 week high of C$2.03. The company has a quick ratio of 0.36, a current ratio of 19.98 and a debt-to-equity ratio of 0.20.

Montage Gold (CVE:MAU) last issued its earnings results on Monday, May 27th. The company reported C($0.03) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). Research analysts anticipate that Montage Gold will post -0.04 earnings per share for the current 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.