Montage Gold (TSE:MAU) Stock Price Down 7.8% – Should You Sell?

Montage Gold Corp. (TSE:MAU)’s stock price was down 7.8% during trading on Friday . The company traded as low as C$14.43 and last traded at C$14.45. Approximately 1,076,979 shares traded hands during trading, a decline of 7% from the average daily volume of 1,156,463 shares. The stock had previously closed at C$15.68.

Wall Street Analyst Weigh In

MAU has been the topic of a number of research reports. Canaccord Genuity Group increased their target price on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a report on Friday, May 15th. BMO Capital Markets boosted their price objective on shares of Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. National Bank Financial lifted their target price on Montage Gold from C$19.00 to C$20.00 in a research note on Friday, May 15th. ATB Cormark Capital Markets boosted their price objective on Montage Gold from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Finally, Stifel Nicolaus upped their price objective on Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Montage Gold currently has a consensus rating of “Buy” and an average price target of C$14.25.

Montage Gold Stock Down 7.8%

The company’s 50 day moving average is C$15.20. The stock has a market cap of C$5.82 billion, a P/E ratio of -76.05 and a beta of 2.13. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.36 and a current ratio of 8.43.

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.