Montage Gold (CVE:MAU) Given New C$10.50 Price Target at Cormark

Montage Gold (CVE:MAU) had its price target increased by Cormark from C$9.75 to C$10.50 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Cormark’s price target points to a potential upside of 183.78% from the company’s current price.

Several other analysts have also recently weighed in on the company. Ventum Financial boosted their price objective on Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a report on Monday, December 1st. Beacon Securities lifted 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. Scotiabank set a C$6.25 price objective on shares of Montage Gold and gave the company an “outperform” rating in a report on Thursday, September 4th. SCP Equity Research lifted their target price 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. Finally, National Bankshares upped their target price on shares of Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat.com, Montage Gold currently has a consensus rating of “Buy” and a consensus price target of C$9.09.

Montage Gold Trading Up 1.6%

Shares of MAU stock traded up C$0.06 on Thursday, reaching C$3.70. 180,469 shares of the stock were exchanged, compared to its average volume of 306,976. 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 has a one year low of C$1.24 and a one year high of C$3.92. The stock has a market cap of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. The stock has a 50 day moving average price of C$3.70 and a 200 day moving average price of C$3.70.

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.