Montage Gold (CVE:MAU) Reaches New 12-Month High – Time to Buy?

Montage Gold Corp. (CVE:MAU)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$3.25 and last traded at C$3.14, with a volume of 60721 shares traded. The stock had previously closed at C$3.19.

Wall Street Analyst Weigh In

MAU has been the subject of a number of research reports. Cormark increased their target price on Montage Gold from C$3.00 to C$4.50 and gave the stock a “buy” rating in a report on Tuesday, March 25th. National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Canada upgraded Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus set a C$4.60 target price on shares of Montage Gold and gave the company a “buy” rating in a research note on Wednesday, March 19th. Four analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Montage Gold presently has an average rating of “Buy” and a consensus price target of C$3.62.

Montage Gold Price Performance

The business has a fifty day moving average of C$2.44 and a two-hundred day moving average of C$2.24. The firm has a market capitalization of C$1.13 billion, a price-to-earnings ratio of -22.84 and a beta of 1.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33.

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.