Montage Gold Corp. (TSE:MAU) Given Average Rating of “Buy” by Brokerages

Shares of Montage Gold Corp. (TSE:MAU) have been assigned an average rating of “Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Eleven analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$14.25.

Several equities analysts have commented on the stock. Canaccord Genuity Group increased their price target on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “speculative buy” rating in a research note on Friday, May 15th. Stifel Nicolaus increased their price target on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. ATB Cormark Capital Markets increased their price target on shares of Montage Gold from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. BMO Capital Markets raised their target price on shares of 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. Finally, National Bank Financial raised their target price on shares of Montage Gold from C$19.00 to C$20.00 in a research report on Friday, May 15th.

Montage Gold Stock Down 7.8%

Shares of Montage Gold stock opened at C$14.45 on Friday. The stock has a market capitalization of C$5.82 billion, a price-to-earnings ratio of -76.05 and a beta of 2.13. Montage Gold has a 52 week low of C$4.20 and a 52 week high of C$17.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.36. The company has a 50 day moving average of C$15.20.

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.