Montage Gold Corp. (CVE:MAU) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have been given an average rating of “Buy” by the seven research firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$4.92.

Separately, Scotiabank set a C$6.25 price objective on Montage Gold and gave the stock an “outperform” rating in a research note on Thursday, September 4th.

Montage Gold Stock Up 1.6%

Montage Gold stock opened at C$3.70 on Thursday. 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 market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. The business has a fifty day moving average of C$3.70 and a two-hundred day moving average of C$3.48. Montage Gold has a twelve month low of C$1.24 and a twelve month 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.