Montage Gold (CVE:MAU) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Montage Gold (CVE:MAU) had its price target increased by equities researchers at Canaccord Genuity Group from C$8.00 to C$9.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 143.24% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. SCP Equity Research upped their target price on Montage Gold from C$6.50 to C$8.75 and gave the stock a “buy” rating in a report on Tuesday, October 7th. National Bankshares upped their price objective on shares of 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. Scotiabank set a C$6.25 target price on shares of Montage Gold and gave the company an “outperform” rating in a research report on Thursday, September 4th. Finally, Beacon Securities upped their price target on shares of Montage Gold from C$6.00 to C$7.80 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Three equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$6.67.

Montage Gold Trading Up 1.6%

MAU stock traded up C$0.06 during mid-day trading on Tuesday, reaching C$3.70. The company had a trading volume of 180,469 shares, compared to its average volume of 306,976. The company has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. The firm has a 50 day moving average of C$3.70 and a 200 day moving average of 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 debt-to-equity ratio of 0.30, a current ratio of 26.33 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.