Analysts Set Montage Gold Corp. (CVE:MAU) Target Price at C$2.49

Montage Gold Corp. (CVE:MAU) has received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$2.49.

Several equities analysts recently commented on MAU shares. Stifel Nicolaus boosted their price target on Montage Gold from C$1.75 to C$2.20 in a research report on Thursday, July 11th. Cormark upped their target price on shares of Montage Gold from C$2.00 to C$2.50 in a research note on Thursday, August 15th. National Bank Financial raised shares of Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. BMO Capital Markets set a C$2.50 price objective on shares of Montage Gold and gave the stock an “outperform” rating in a report on Thursday, August 15th. Finally, National Bankshares set a C$2.50 target price on Montage Gold and gave the company an “outperform” rating in a research note on Tuesday, July 23rd.

Montage Gold Price Performance

Montage Gold stock opened at C$1.79 on Monday. The firm has a fifty day moving average of C$1.76 and a 200-day moving average of C$1.45. 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 5.75 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of C$616.80 million, a P/E ratio of -11.93 and a beta of 1.54.

Montage Gold (CVE:MAU) last released its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.02). As a group, analysts predict that Montage Gold will post -0.04 EPS 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.