Brokerages Set Montage Gold Corp. (CVE:MAU) PT at C$3.22

Montage Gold Corp. (CVE:MAU) has been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$3.62.

A number of equities analysts have issued reports on MAU shares. Stifel Nicolaus set a C$4.60 price target on Montage Gold and gave the stock a “buy” rating in a research report on Wednesday, March 19th. National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Canada raised shares of Montage Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Cormark increased their price objective on shares of Montage Gold from C$3.00 to C$4.50 and gave the company a “buy” rating in a report on Tuesday.

Montage Gold Trading Down 0.6 %

MAU stock opened at C$3.07 on Friday. Montage Gold has a 52-week low of C$1.19 and a 52-week high of C$3.22. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30. The firm has a market cap of C$1.08 billion, a P/E ratio of -21.85 and a beta of 1.55. The company’s 50-day simple moving average is C$2.42 and its 200-day simple moving average is C$2.23.

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.