Montage Gold (TSE:MAU) Price Target Raised to C$21.50

Montage Gold (TSE:MAU) had its price target upped by Beacon Securities from C$18.00 to C$21.50 in a report issued on Thursday,BayStreet.CA reports. Beacon Securities currently has a buy rating on the stock.

Several other analysts have also recently commented on MAU. BMO Capital Markets raised their target price 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. Canaccord Genuity Group raised their price objective 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. National Bank Financial lifted their price objective on Montage Gold from C$19.00 to C$20.00 in a report on Friday, May 15th. Stifel Nicolaus boosted their target price on Montage Gold from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, ATB Cormark Capital Markets increased their target price on Montage Gold from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$16.77.

Montage Gold Trading Down 0.3%

MAU opened at C$18.76 on Thursday. The firm has a market cap of C$7.58 billion, a price-to-earnings ratio of -144.31 and a beta of 2.30. Montage Gold has a 52 week low of C$5.03 and a 52 week high of C$19.28. The business’s 50 day moving average is C$16.40 and its two-hundred day moving average is C$14.51. The company has a quick ratio of 0.35, a current ratio of 8.43 and a debt-to-equity ratio of 0.31.

Montage Gold (TSE:MAU) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C($0.11) earnings per share for the quarter. On average, research analysts predict that Montage Gold will post -0.04 EPS for the current year.

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.