Stifel Nicolaus Issues Positive Forecast for Montage Gold (CVE:MAU) Stock Price

Montage Gold (CVE:MAU) had its price objective raised by Stifel Nicolaus from C$4.60 to C$5.00 in a report issued on Monday morning,BayStreet.CA reports.

MAU has been the topic of a number of other reports. Raymond James raised their price target on shares of Montage Gold from C$3.50 to C$4.75 in a research report on Friday, April 4th. Cormark raised their target price on shares of Montage Gold from C$3.00 to C$4.50 and gave the stock a “buy” rating in a report on Tuesday, March 25th. Stifel Canada raised Montage Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research report on Friday, March 21st. Four investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$4.10.

Montage Gold Stock Performance

Shares of MAU opened at C$3.70 on Monday. The stock has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. The business’s fifty day moving average price is C$2.93 and its 200 day moving average price is C$2.46. 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 has a 12-month low of C$1.19 and a 12-month high of C$3.92.

Insider Activity

In other news, Director David Field sold 93,100 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of C$3.03, for a total value of C$282,093.00. Corporate insiders own 34.16% of the company’s stock.

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.