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

Montage Gold Corp. (TSE:MAU) has earned an average rating of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat reports. Eleven equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$14.62.

A number of analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Stifel Nicolaus lifted their price target on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Canaccord Genuity Group lifted their price target on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets lifted their price target on shares of Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Finally, Scotiabank raised their price objective on shares of Montage Gold from C$18.50 to C$19.00 and gave the stock a “sector outperform” rating in a report on Monday, June 22nd.

Montage Gold Stock Performance

Shares of MAU stock opened at C$16.13 on Wednesday. The company has a 50 day moving average price of C$15.06 and a 200-day moving average price of C$13.32. Montage Gold has a 52 week low of C$4.26 and a 52 week high of C$17.60. The firm has a market capitalization of C$6.50 billion, a PE ratio of -84.89 and a beta of 2.13. The company has a quick ratio of 0.36, a current ratio of 8.43 and a debt-to-equity ratio of 0.31.

Montage Gold (TSE:MAU) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.03 EPS for the quarter. As a group, equities research analysts expect that Montage Gold will post -0.04 earnings per share for the current year.

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.