Stifel Nicolaus Boosts Montage Gold (CVE:MAU) Price Target to C$2.20

Montage Gold (CVE:MAU) had its price target upped by stock analysts at Stifel Nicolaus from C$1.75 to C$2.20 in a report issued on Thursday, BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 25.71% from the stock’s previous close.

Several other equities analysts have also recently issued reports on MAU. Cormark boosted their price objective on shares of Montage Gold from C$1.85 to C$2.00 in a research note on Wednesday. Raymond James boosted their target price on shares of Montage Gold from C$1.50 to C$1.65 in a research report on Tuesday, April 23rd.

Montage Gold Stock Performance

MAU traded up C$0.11 during trading on Thursday, hitting C$1.75. The stock had a trading volume of 675,488 shares, compared to its average volume of 226,817. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.36 and a current ratio of 5.77. The firm has a market capitalization of C$411.78 million, a P/E ratio of -12.50 and a beta of 1.31. The company’s 50-day moving average price is C$1.39 and its 200 day moving average price is C$1.10. Montage Gold has a twelve month low of C$0.51 and a twelve month high of C$1.78.

Montage Gold (CVE:MAU) last announced its quarterly earnings data on Monday, April 29th. The company reported C($0.06) earnings per share (EPS) for the quarter. On average, equities research analysts forecast that Montage Gold will post -0.04 EPS for the current fiscal 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.