Montage Gold (CVE:MAU) Stock Price Up 1.6% – Here’s What Happened

Montage Gold Corp. (CVE:MAU)’s stock price traded up 1.6% during mid-day trading on Friday . The stock traded as high as C$3.72 and last traded at C$3.70. 180,469 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 306,976 shares. The stock had previously closed at C$3.64.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. National Bankshares lifted their price objective on Montage Gold from C$8.00 to C$8.75 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Beacon Securities raised their target price on Montage Gold from C$6.00 to C$7.80 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Canaccord Genuity Group set a C$7.50 price target on Montage Gold and gave the company a “speculative buy” rating in a research note on Friday, September 12th. Scotiabank set a C$6.25 price objective on shares of Montage Gold and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Finally, SCP Equity Research boosted their price objective on shares of Montage Gold from C$6.50 to C$8.75 and gave the company a “buy” rating in a report on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, Montage Gold presently has a consensus rating of “Buy” and a consensus price target of C$6.51.

Montage Gold Price Performance

The company’s fifty day moving average price is C$3.70 and its two-hundred day moving average price is C$3.70. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30. 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.

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.