Montage Gold Corp. (CVE:MAU) Given Average Rating of “Strong Buy” by Analysts

Shares of Montage Gold Corp. (CVE:MAU) have been assigned a consensus recommendation of “Strong Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$3.22.

A number of analysts have weighed in on the stock. Stifel Nicolaus set a C$4.60 target price on shares of Montage Gold and gave the stock a “buy” rating in a research note on Wednesday. Stifel Canada upgraded shares of Montage Gold to a “strong-buy” rating in a report on Wednesday.

Montage Gold Stock Performance

CVE MAU opened at C$2.97 on Friday. The firm’s 50 day simple moving average is C$2.34 and its 200 day simple moving average is C$2.18. The firm has a market capitalization of C$1.05 billion, a price-to-earnings ratio of -21.13 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 has a 1 year low of C$1.11 and a 1 year high of C$3.00.

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.