Montage Gold Corp. (CVE:MAU) Receives C$11.41 Consensus Target Price from Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have been given an average rating of “Buy” by the twelve research firms that are currently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$11.41.

A number of research firms have weighed in on MAU. BMO Capital Markets increased their target price on shares of Montage Gold from C$10.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Raymond James Financial upped 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 report on Wednesday, November 26th. Stifel Nicolaus increased their price target on Montage Gold from C$9.25 to C$12.75 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Scotiabank increased their price target on Montage Gold from C$10.00 to C$15.00 in a research report on Monday, January 26th. Finally, Ventum Financial increased their price objective on Montage Gold from C$8.00 to C$9.75 and gave the company a “buy” rating in a report on Monday, December 1st.

Montage Gold Price Performance

Montage Gold stock opened at C$3.70 on Friday. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30. Montage Gold has a 12 month low of C$1.24 and a 12 month high of C$3.92. The stock has a 50-day moving average price of C$3.70 and a two-hundred day moving average price of C$3.70. The company has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55.

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.