Montage Gold (TSE:MAU) Price Target Raised to C$21.50 at Beacon Securities

Montage Gold (TSE:MAU) had its target price raised by analysts at Beacon Securities from C$18.00 to C$21.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Beacon Securities’ price target would suggest a potential upside of 14.97% from the company’s current price.

Several other research firms also recently weighed in on MAU. National Bank Financial raised their price objective on Montage Gold from C$19.00 to C$20.00 in a research note on Friday, May 15th. BMO Capital Markets boosted their target price on Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets upped their target price on Montage Gold from C$19.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday. Scotiabank raised their price target on Montage Gold from C$19.00 to C$20.00 and gave the company a “sector outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus lifted their price target on Montage Gold from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Montage Gold presently has a consensus rating of “Buy” and a consensus target price of C$16.77.

Montage Gold Price Performance

MAU stock traded down C$0.09 during trading on Thursday, reaching C$18.70. 523,609 shares of the company were exchanged, compared to its average volume of 1,172,665. The company has a market cap of C$7.54 billion, a P/E ratio of -98.42 and a beta of 2.30. Montage Gold has a 52-week low of C$5.03 and a 52-week high of C$19.28. The stock’s 50 day moving average price is C$16.25 and its 200 day moving average price is C$14.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.35 and a current ratio of 8.43.

Montage Gold (TSE:MAU) last issued its earnings results on Tuesday, August 11th. The company reported C($0.11) earnings per share (EPS) for the quarter. As a group, analysts predict that Montage Gold will post -0.04 earnings per share for the current fiscal year.

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.