Montage Gold (CVE:MAU) Price Target Raised to C$9.75

Montage Gold (CVE:MAU) had its price target raised by Cormark from C$9.50 to C$9.75 in a report issued on Monday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

MAU has been the topic of several other reports. Beacon Securities increased their price target 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 upped their price objective on Montage Gold from C$8.00 to C$9.00 in a research report on Tuesday, November 18th. Stifel Nicolaus lifted their target price on Montage Gold from C$9.00 to C$9.25 and gave the stock a “buy” rating in a research report on Monday. Scotiabank set a C$6.25 target price on shares of Montage Gold and gave the company an “outperform” rating in a research note on Thursday, September 4th. Finally, SCP Equity Research upped their price target on shares of Montage Gold from C$6.50 to C$8.75 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat, Montage Gold has an average rating of “Buy” and an average target price of C$8.28.

Montage Gold Stock Up 1.6%

Shares of CVE MAU opened at C$3.70 on Monday. Montage Gold has a 1 year low of C$1.24 and a 1 year high of C$3.92. The firm has a 50-day simple moving average of C$3.70 and a two-hundred day simple moving average of C$3.70. The company has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36.

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.