Montage Gold (TSE:MAU) Price Target Raised to C$20.00 at National Bank Financial

Montage Gold (TSE:MAU) had its price objective upped by National Bank Financial from C$19.00 to C$20.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other research analysts have also recently commented on MAU. Canaccord Genuity Group upped their target price on Montage Gold from C$11.00 to C$16.00 and gave the company a “speculative buy” rating in a research note on Thursday, March 26th. Scotiabank increased their price target on Montage Gold from C$10.00 to C$15.00 in a report on Monday, January 26th. ATB Cormark Capital Markets increased their price target on Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Stifel Nicolaus increased their price target on Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, BMO Capital Markets increased their price target on Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Montage Gold presently has an average rating of “Buy” and an average price target of C$14.25.

Montage Gold Price Performance

TSE:MAU opened at C$14.93 on Friday. The company has a market cap of C$6.01 billion, a price-to-earnings ratio of -106.64 and a beta of 2.39. Montage Gold has a 1 year low of C$3.74 and a 1 year high of C$17.30. The company has a 50 day moving average of C$14.87. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.36.

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.