Montage Gold (CVE:MAU) PT Set at C$2.50 by National Bankshares

Montage Gold (CVE:MAU) has been given a C$2.50 price target by analysts at National Bankshares in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 48.81% from the company’s previous close.

Several other equities analysts have also recently weighed in on MAU. Cormark increased their price target on Montage Gold from C$1.85 to C$2.00 in a report on Wednesday, July 10th. Stifel Nicolaus raised their target price on Montage Gold from C$1.75 to C$2.20 in a research report on Thursday, July 11th. Finally, Raymond James boosted their price target on Montage Gold from C$1.50 to C$1.65 in a research note on Tuesday, April 23rd.

Montage Gold Price Performance

CVE MAU remained flat at C$1.68 during trading hours on Tuesday. The company had a trading volume of 171,378 shares, compared to its average volume of 239,219. Montage Gold has a 52 week low of C$0.51 and a 52 week high of C$1.87. The stock has a 50 day moving average price of C$1.46 and a 200 day moving average price of C$1.16. 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 company has a market capitalization of C$395.30 million, a P/E ratio of -12.00 and a beta of 1.31.

Montage Gold (CVE:MAU) last released its quarterly earnings data on Monday, April 29th. The company reported C($0.06) earnings per share for the quarter. As a group, research analysts predict that Montage Gold will post -0.04 earnings per share 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.