Montage Gold Corp. (CVE:MAU) Receives C$8.78 Average Price Target from Analysts

Montage Gold Corp. (CVE:MAU) has been given an average recommendation of “Buy” by the twelve research firms that are currently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$8.78.

MAU has been the topic of a number of research analyst reports. National Bankshares boosted their price target on shares of Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Stifel Nicolaus boosted their target price on Montage Gold from C$9.00 to C$9.25 and gave the company a “buy” rating in a research report on Monday, November 24th. Ventum Financial lifted their price objective on Montage Gold from C$8.00 to C$9.75 and gave the company a “buy” rating in a research note on Monday, December 1st. Cormark boosted their price objective on Montage Gold from C$9.50 to C$9.75 and gave the company a “buy” rating in a report on Monday, November 24th. Finally, Beacon Securities raised their target price on Montage Gold from C$6.00 to C$7.80 and gave the company a “buy” rating in a report on Tuesday, September 23rd.

Montage Gold Stock Up 1.6%

Shares of MAU opened at C$3.70 on Friday. The company’s 50-day moving average price is C$3.70 and its 200 day moving average price is C$3.70. Montage Gold has a 12-month low of C$1.24 and a 12-month high of C$3.92. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30. The firm has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55.

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.