Montage Gold (CVE:MAU) Price Target Increased to C$1.75 by Analysts at Stifel Nicolaus

Montage Gold (CVE:MAU) had its price objective boosted by Stifel Nicolaus from C$1.50 to C$1.75 in a research note issued to investors on Friday, BayStreet.CA reports.

A number of other research analysts also recently commented on MAU. Raymond James lifted their price objective on shares of Montage Gold from C$1.25 to C$1.50 in a research report on Wednesday, March 6th. Stifel Canada reissued a buy rating on shares of Montage Gold in a research report on Thursday, February 1st.

Montage Gold Price Performance

Shares of MAU opened at C$1.24 on Friday. The firm has a 50-day moving average of C$1.06 and a 200-day moving average of C$0.80. Montage Gold has a one year low of C$0.51 and a one year high of C$1.41. The company has a market cap of C$291.77 million, a PE ratio of -11.27 and a beta of 1.09.

Insider Transactions at Montage Gold

In other news, Senior Officer Kevin John Ross sold 168,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$0.83, for a total transaction of C$139,440.00. 49.83% of the stock is currently owned by corporate insiders.

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.