Montage Gold (TSE:MAU) Price Target Raised to C$22.00

Montage Gold (TSE:MAU) had its price target increased by National Bank Financial from C$20.00 to C$22.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also commented on MAU. BMO Capital Markets lifted their price target on shares of Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Canaccord Genuity Group upped their price objective on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a report on Friday, May 15th. Beacon Securities raised their target price on shares of Montage Gold from C$18.00 to C$21.50 and gave the company a “buy” rating in a research note on Thursday. Scotiabank lifted their target price on shares of Montage Gold from C$19.00 to C$20.00 and gave the stock a “sector outperform” rating in a report on Wednesday. Finally, Stifel Nicolaus boosted their target price on shares of Montage Gold from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$16.77.

Montage Gold Stock Down 0.3%

Shares of Montage Gold stock opened at C$18.76 on Thursday. The stock has a 50-day moving average price of C$16.40 and a 200 day moving average price of C$14.51. The company has a market cap of C$7.58 billion, a P/E ratio of -144.31 and a beta of 2.30. The company has a current ratio of 8.43, a quick ratio of 0.35 and a debt-to-equity ratio of 0.31. Montage Gold has a 1 year low of C$5.03 and a 1 year high of C$19.28.

Montage Gold (TSE:MAU) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) EPS for the quarter. As a group, analysts expect that Montage Gold will post -0.04 EPS 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.