Scotiabank Raises Montage Gold (TSE:MAU) Price Target to C$19.00

Montage Gold (TSE:MAU) had its price target upped by analysts at Scotiabank from C$18.50 to C$19.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 14.67% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. BMO Capital Markets lifted their price objective 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 target price on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a report on Friday, May 15th. Stifel Nicolaus lifted their price target on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. National Bank Financial upped their price target on shares of Montage Gold from C$19.00 to C$20.00 in a report on Friday, May 15th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$14.62.

Montage Gold Trading Down 0.4%

Shares of MAU traded down C$0.07 during trading hours on Monday, hitting C$16.57. 355,495 shares of the stock traded hands, compared to its average volume of 1,263,633. The company has a current ratio of 8.43, a quick ratio of 0.35 and a debt-to-equity ratio of 0.31. Montage Gold has a 1-year low of C$4.24 and a 1-year high of C$17.60. The firm has a market capitalization of C$6.68 billion, a PE ratio of -87.21 and a beta of 2.13. The business has a fifty day moving average of C$15.15 and a 200-day moving average of C$13.16.

Montage Gold (TSE:MAU) last issued its earnings results on Thursday, May 14th. The company reported C$0.03 earnings per share (EPS) for the quarter. Analysts expect 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.