Montage Gold (CVE:MAU) Hits New 52-Week High – Time to Buy?

Shares of Montage Gold Corp. (CVE:MAU) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2.69 and last traded at C$2.68, with a volume of 67578 shares. The stock had previously closed at C$2.58.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$4.60 price objective on shares of Montage Gold and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$3.22.

Montage Gold Price Performance

The business’s 50-day simple moving average is C$2.32 and its two-hundred day simple moving average is C$2.18. The firm has a market cap of C$984.86 million, a price-to-earnings ratio of -19.85 and a beta of 1.55. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30.

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.