Montage Gold (CVE:MAU) Stock Price Up 1.6% – What’s Next?

Montage Gold Corp. (CVE:MAU) traded up 1.6% during trading on Thursday . The company traded as high as C$3.72 and last traded at C$3.70. 180,469 shares changed hands during trading, a decline of 41% from the average session volume of 306,976 shares. The stock had previously closed at C$3.64.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. National Bank Financial boosted 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. Scotiabank increased their price target on Montage Gold from C$10.00 to C$15.00 in a report on Monday, January 26th. Raymond James Financial lifted their price target on shares of Montage Gold from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. BMO Capital Markets boosted their price objective on shares of Montage Gold from C$10.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Finally, Cormark raised their target price on shares of Montage Gold from C$9.75 to C$10.50 and gave the company a “buy” rating in a research note on Thursday, December 18th. Ten research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Montage Gold has a consensus rating of “Buy” and a consensus target price of C$11.41.

Montage Gold Stock Performance

The stock has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. The firm has a 50 day moving average of C$3.70 and a two-hundred day moving average of C$3.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.36 and a current ratio of 8.43.

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.