Analysts Set Montage Gold Corp. (CVE:MAU) PT at C$11.41

Montage Gold Corp. (CVE:MAU) has earned an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is C$11.91.

Several analysts recently commented on MAU shares. Canaccord Genuity Group raised their target price on Montage Gold from C$11.00 to C$16.00 and gave the stock a “speculative buy” rating in a report on Thursday. Cormark boosted their price target on Montage Gold from C$9.75 to C$10.50 and gave the company a “buy” rating in a report on Thursday, December 18th. Stifel Nicolaus upped their price objective on Montage Gold from C$9.25 to C$12.75 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. BMO Capital Markets raised their price objective on shares of Montage Gold from C$10.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Finally, Scotiabank lifted their target price on shares of Montage Gold from C$10.00 to C$15.00 in a report on Monday, January 26th.

Montage Gold Stock Up 1.6%

MAU stock opened at C$3.70 on Monday. The company has a market capitalization of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. Montage Gold has a 12 month low of C$1.24 and a 12 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. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.36.

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.