Stifel Nicolaus Forecasts Strong Price Appreciation for Montage Gold (CVE:MAU) Stock

Montage Gold (CVE:MAU) had its price target hoisted by Stifel Nicolaus from C$9.25 to C$12.75 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 244.59% from the stock’s previous close.

MAU has been the topic of a number of other reports. National Bankshares lifted their target price on Montage Gold from C$8.75 to C$9.50 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. 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 research report on Tuesday, October 7th. Ventum Financial boosted their price objective on shares of Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a research note on Monday, December 1st. Canaccord Genuity Group raised their target price on shares of Montage Gold from C$9.00 to C$11.00 and gave the company a “speculative buy” rating in a research note on Wednesday, December 17th. Finally, Raymond James Financial boosted their target price 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. Three analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, Montage Gold presently has a consensus rating of “Buy” and an average price target of C$9.48.

Montage Gold Stock Performance

MAU traded up C$0.06 on Tuesday, hitting C$3.70. 180,469 shares of the company’s stock were exchanged, compared to its average volume of 306,976. Montage Gold has a twelve month low of C$1.24 and a twelve month high of C$3.92. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30. The firm 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 fifty day moving average of C$3.70 and a two-hundred day moving average of C$3.70.

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.