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

Montage Gold (CVE:MAU) had its target price boosted by equities research analysts at Ventum Financial from C$8.00 to C$9.75 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s target price would suggest a potential upside of 163.51% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Raymond James Financial raised their price objective on shares of Montage Gold from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Stifel Nicolaus lifted their price target on Montage Gold from C$9.00 to C$9.25 and gave the stock a “buy” rating in a report on Monday, November 24th. SCP Equity Research upped their price objective on Montage Gold from C$6.50 to C$8.75 and gave the company a “buy” rating in a report on Tuesday, October 7th. Canaccord Genuity Group lifted their target price on Montage Gold from C$8.00 to C$9.00 in a report on Tuesday, November 18th. Finally, 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. Three analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat, Montage Gold has a consensus rating of “Buy” and a consensus target price of C$8.78.

Montage Gold Stock Performance

Montage Gold stock traded up C$0.06 during mid-day trading on Monday, hitting C$3.70. 180,469 shares of the company’s stock traded hands, compared to its average volume of 306,976. The stock has a market cap of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. 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. Montage Gold has a fifty-two week low of C$1.24 and a fifty-two week 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.