Montage Gold (CVE:MAU) Given a C$2.50 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a C$2.50 price objective on Montage Gold (CVE:MAU) in a report released on Thursday, Marketbeat.com reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. Cormark boosted their target price on Montage Gold from C$2.00 to C$2.50 in a research note on Thursday. Stifel Nicolaus boosted their target price on Montage Gold from C$1.75 to C$2.20 in a research note on Thursday, July 11th. National Bankshares set a C$2.50 target price on Montage Gold and gave the company an outperform rating in a research note on Tuesday, July 23rd. Raymond James boosted their target price on Montage Gold from C$1.65 to C$2.75 in a research note on Thursday. Finally, National Bank Financial raised Montage Gold to a strong-buy rating in a research note on Monday, July 22nd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of C$2.49.

Montage Gold Stock Up 3.6 %

Shares of Montage Gold stock opened at C$2.02 on Thursday. The company has a quick ratio of 0.36, a current ratio of 19.98 and a debt-to-equity ratio of 0.20. Montage Gold has a 12 month low of C$0.51 and a 12 month high of C$2.03. The business has a fifty day simple moving average of C$1.58 and a 200 day simple moving average of C$1.30. The stock has a market cap of C$482.96 million, a PE ratio of -14.43 and a beta of 1.54.

Montage Gold (CVE:MAU) last announced its quarterly earnings data on Monday, May 27th. The company reported C($0.03) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). Research analysts predict that Montage Gold will post -0.04 EPS 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.