Montage Gold (CVE:MAU) Upgraded to Strong-Buy at Stifel Canada

Montage Gold (CVE:MAU) was upgraded by equities research analysts at Stifel Canada to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Montage Gold’s FY2029 earnings at $0.63 EPS.

Separately, Stifel Nicolaus set a C$4.60 target price on Montage Gold and gave the stock a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of C$3.22.

Montage Gold Stock Performance

Shares of Montage Gold stock opened at C$2.97 on Wednesday. The firm has a market cap of C$1.05 billion, a price-to-earnings ratio of -21.13 and a beta of 1.55. The stock’s 50-day moving average is C$2.34 and its 200-day moving average is C$2.18. Montage Gold has a one year low of C$1.11 and a one year high of C$3.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36.

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.