Montage Gold Corp. (CVE:MAU) Receives C$11.41 Average PT from Brokerages

Montage Gold Corp. (CVE:MAU) has been assigned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$11.41.

A number of research firms have commented on MAU. BMO Capital Markets upped their price target on Montage Gold from C$10.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Ventum Financial upped their target price on Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a research report on Monday, December 1st. Stifel Nicolaus lifted their price target on shares of Montage Gold from C$9.25 to C$12.75 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Cormark raised their price objective on shares of Montage Gold from C$9.75 to C$10.50 and gave the company a “buy” rating in a research note on Thursday, December 18th. Finally, Raymond James Financial upped their target price on shares of Montage Gold from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th.

Montage Gold Trading Up 1.6%

Shares of CVE MAU opened at C$3.70 on Friday. The firm has a 50 day moving average price of C$3.70 and a two-hundred day moving average price of C$3.70. The stock has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. Montage Gold has a 52-week low of C$1.24 and a 52-week high of C$3.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33.

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.