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

Shares of Montage Gold Corp. (TSE:MAU) have been assigned a consensus rating of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$14.25.

Several equities research analysts recently weighed in on the company. BMO Capital Markets increased their price target on Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Canaccord Genuity Group increased their price target on Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a report on Friday, May 15th. Stifel Nicolaus increased their price target on Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. National Bank Financial increased their price target on Montage Gold from C$19.00 to C$20.00 in a report on Friday, May 15th. Finally, ATB Cormark Capital Markets increased their price target on Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st.

Montage Gold Trading Down 7.8%

Shares of MAU opened at C$14.45 on Friday. The company has a current ratio of 8.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of C$5.82 billion, a price-to-earnings ratio of -76.05 and a beta of 2.13. The business’s 50 day simple moving average is C$15.20. Montage Gold has a 12-month low of C$4.20 and a 12-month high of C$17.30.

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.