Montage Gold Corp. (CVE:MAU) Receives C$11.41 Consensus PT from Analysts

Shares of Montage Gold Corp. (CVE:MAU) have earned an average rating of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$11.41.

Several research analysts have weighed in on MAU shares. Ventum Financial boosted their price target on Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a research report on Monday, December 1st. Raymond James Financial raised their target price on shares of Montage Gold from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Scotiabank boosted their target price on shares of Montage Gold from C$10.00 to C$15.00 in a report on Monday, January 26th. Cormark increased their price target on shares of Montage Gold from C$9.75 to C$10.50 and gave the company a “buy” rating in a research note on Thursday, December 18th. Finally, National Bank Financial lifted their price objective on shares of Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a research report on Wednesday, November 26th.

Montage Gold Price Performance

CVE:MAU opened at C$3.70 on Thursday. Montage Gold has a 52-week low of C$1.24 and a 52-week high of C$3.92. The company has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.36 and a current ratio of 8.43. The stock’s 50-day simple moving average is C$3.70 and its 200 day simple moving average is C$3.70.

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.