Montage Gold Corp. (CVE:MAU) Receives Consensus Rating of “Buy” from Analysts

Shares of Montage Gold Corp. (CVE:MAU) have been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$2.49.

A number of brokerages have recently weighed in on MAU. Cormark raised their target price on Montage Gold from C$2.00 to C$2.50 in a research note on Thursday, August 15th. National Bank Financial raised shares of Montage Gold to a “strong-buy” rating in a research note on Monday, July 22nd. BMO Capital Markets set a C$2.50 price target on shares of Montage Gold and gave the company an “outperform” rating in a research note on Thursday, August 15th. National Bankshares set a C$2.50 price objective on shares of Montage Gold and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Raymond James increased their price objective on Montage Gold from C$1.65 to C$2.75 in a research report on Thursday, August 15th.

Montage Gold Stock Performance

CVE MAU opened at C$1.79 on Monday. Montage Gold has a 1-year low of C$0.51 and a 1-year high of C$2.03. The company has a 50 day moving average of C$1.76 and a 200-day moving average of C$1.44. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11. The firm has a market cap of C$616.80 million, a price-to-earnings ratio of -11.93 and a beta of 1.54.

Montage Gold (CVE:MAU) last released its quarterly earnings results on Thursday, August 22nd. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). On average, equities analysts forecast that Montage Gold will post -0.04 earnings per share for the current fiscal 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.