Montage Gold (CVE:MAU) Price Target Raised to C$20.00

Montage Gold (CVE:MAU) had its price target increased by analysts at BMO Capital Markets from C$10.00 to C$20.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 440.54% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Ventum Financial upped their target price on shares of Montage Gold from C$8.00 to C$9.75 and gave the company a “buy” rating in a research note on Monday, December 1st. Cormark increased their price objective on Montage Gold from C$9.75 to C$10.50 and gave the stock a “buy” rating in a report on Thursday, December 18th. Canaccord Genuity Group upped their price target on shares of Montage Gold from C$9.00 to C$11.00 and gave the company a “speculative buy” rating in a report on Wednesday, December 17th. National Bankshares boosted their price target on shares of Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Stifel Nicolaus increased their target price on Montage Gold from C$9.25 to C$12.75 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$11.41.

Montage Gold Stock Up 1.6%

Shares of CVE MAU traded up C$0.06 during midday trading on Wednesday, hitting C$3.70. 180,469 shares of the company’s stock were exchanged, compared to its average volume of 306,976. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36. The company has a market cap of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. Montage Gold has a twelve month low of C$1.24 and a twelve month high of C$3.92. The firm’s fifty day simple moving average is C$3.70 and its 200-day simple moving average is C$3.70.

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.