Montage Gold (CVE:MAU) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Montage Gold (CVE:MAU) had its target price lifted by analysts at Raymond James Financial from C$7.50 to C$9.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 143.24% from the company’s current price.

Several other equities analysts have also recently weighed in on MAU. Canaccord Genuity Group raised their price objective on Montage Gold from C$8.00 to C$9.00 in a research note on Tuesday, November 18th. Beacon Securities increased their target price on shares of Montage Gold from C$6.00 to C$7.80 and gave the company a “buy” rating in a report on Tuesday, September 23rd. SCP Equity Research boosted their price target on shares of Montage Gold from C$6.50 to C$8.75 and gave the stock a “buy” rating in a report on Tuesday, October 7th. National Bankshares upped their price objective on shares of Montage Gold from C$8.75 to C$9.50 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Scotiabank set a C$6.25 target price on shares of Montage Gold and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Three equities research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat, Montage Gold has a consensus rating of “Buy” and an average price target of C$8.28.

Montage Gold Stock Up 1.6%

Shares of MAU stock traded up C$0.06 during trading hours on Wednesday, reaching C$3.70. The company had a trading volume of 180,469 shares, compared to its average volume of 306,976. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. 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$1.24 and a 12 month high of C$3.92. The business has a fifty day simple moving average of C$3.70 and a 200-day simple moving average of C$3.70.

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.