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

Montage Gold (CVE:MAU) had its price objective trimmed by Stifel Nicolaus from C$2.60 to C$2.20 in a research note published on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts have also issued reports on the stock. National Bankshares set a C$2.50 price target on shares of Montage Gold and gave the stock an outperform rating in a research note on Tuesday, July 23rd. National Bank Financial upgraded shares of Montage Gold to a strong-buy rating in a research note on Monday, July 22nd. Ventum Cap Mkts upgraded shares of Montage Gold to a strong-buy rating in a research note on Friday, September 27th. BMO Capital Markets set a C$2.50 price target on shares of Montage Gold and gave the stock an outperform rating in a research note on Thursday, August 15th. Finally, Raymond James increased their price target on shares of Montage Gold from C$1.65 to C$2.75 in a research note on Thursday, August 15th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Montage Gold has an average rating of Buy and an average target price of C$2.49.

Montage Gold Stock Up 0.5 %

Shares of CVE MAU opened at C$2.00 on Tuesday. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11. Montage Gold has a 12 month low of C$0.54 and a 12 month high of C$2.06. The firm has a market capitalization of C$689.16 million, a PE ratio of -13.33 and a beta of 1.55. The firm has a fifty day simple moving average of C$1.84 and a two-hundred day simple moving average of C$1.56.

Montage Gold (CVE:MAU) last issued its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.02). Equities 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.