Stifel Nicolaus Boosts Montage Gold (CVE:MAU) Price Target to C$1.75

Montage Gold (CVE:MAU) had its target price raised by Stifel Nicolaus from C$1.50 to C$1.75 in a report published on Friday, BayStreet.CA reports.

A number of other equities analysts have also issued reports on the company. Stifel Canada reaffirmed a buy rating on shares of Montage Gold in a research report on Thursday, February 1st. Raymond James lifted their target price on Montage Gold from C$1.25 to C$1.50 in a research note on Wednesday, March 6th.

Montage Gold Trading Down 2.4 %

CVE MAU opened at C$1.21 on Friday. Montage Gold has a 52 week low of C$0.51 and a 52 week high of C$1.41. The stock has a market cap of C$284.71 million, a P/E ratio of -11.00 and a beta of 1.09. The company’s fifty day simple moving average is C$1.07 and its 200-day simple moving average is C$0.81.

Insider Activity

In related news, Senior Officer Kevin John Ross sold 168,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$0.83, for a total value of C$139,440.00. Corporate insiders own 49.83% 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.