Montage Gold Corp. (CVE:MAU) Given Average Recommendation of “Buy” by Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$2.49.

A number of research analysts recently weighed in on MAU shares. Stifel Nicolaus decreased their target price on shares of Montage Gold from C$2.60 to C$2.20 and set a “buy” rating for the company in a research report on Tuesday. Cormark lifted their target price on Montage Gold from C$2.00 to C$2.50 in a research report on Thursday, August 15th. BMO Capital Markets set a C$2.50 price target on Montage Gold and gave the company an “outperform” rating in a research report on Thursday, August 15th. National Bank Financial raised Montage Gold to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, National Bankshares set a C$2.50 price objective on Montage Gold and gave the company an “outperform” rating in a report on Tuesday, July 23rd.

Montage Gold Price Performance

Shares of CVE MAU opened at C$2.00 on Friday. The company has a fifty day moving average price of C$1.84 and a 200 day moving average price of C$1.56. The firm has a market cap of C$689.16 million, a PE ratio of -13.33 and a beta of 1.55. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11. Montage Gold has a 1-year low of C$0.54 and a 1-year high of C$2.06.

Montage Gold (CVE:MAU) last posted its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02). Research analysts predict that Montage Gold will post -0.04 earnings per share for the current fiscal 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.