Montage Gold (TSE:MAU) Price Target Raised to C$22.00

Montage Gold (TSE:MAU) had its target price increased by ATB Cormark Capital Markets from C$19.00 to C$22.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently commented on MAU. National Bank Financial boosted their target price on shares of Montage Gold from C$19.00 to C$20.00 in a report on Friday, May 15th. Canaccord Genuity Group lifted their price target on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “speculative buy” rating in a research report on Friday, May 15th. Scotiabank boosted 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 research note on Monday, June 22nd. Stifel Nicolaus upped their price objective on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, BMO Capital Markets raised their target price on shares of Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Montage Gold presently has an average rating of “Buy” and an average price target of C$16.77.

Montage Gold Price Performance

Shares of TSE MAU opened at C$18.76 on Wednesday. Montage Gold has a 1 year low of C$5.03 and a 1 year high of C$19.28. The stock has a market capitalization of C$7.58 billion, a P/E ratio of -144.31 and a beta of 2.30. The company’s 50-day moving average is C$16.40 and its 200 day moving average is C$14.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.35.

Montage Gold (TSE:MAU) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C($0.11) EPS for the quarter. On average, sell-side 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.