Montage Gold (TSE:MAU) Reaches New 52-Week High – What’s Next?

Montage Gold Corp. (TSE:MAU)’s share price hit a new 52-week high on Monday . The company traded as high as C$17.40 and last traded at C$17.36, with a volume of 764662 shares changing hands. The stock had previously closed at C$15.92.

Analyst Ratings Changes

Several brokerages have commented on MAU. Canaccord Genuity Group upped their price target on Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets lifted their price objective on 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. Stifel Nicolaus boosted their target price on Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. BMO Capital Markets increased 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 price target on shares of Montage Gold from C$19.00 to C$20.00 in a report on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$14.25.

Montage Gold Stock Performance

The stock has a 50 day simple moving average of C$15.10 and a 200 day simple moving average of C$12.98. The company has a market cap of C$7.08 billion, a price-to-earnings ratio of -92.42 and a beta of 2.13. The company has a quick ratio of 0.36, a current ratio of 8.43 and a debt-to-equity ratio of 0.31.

Montage Gold (TSE:MAU) last posted its earnings results on Thursday, May 14th. The company reported C$0.03 earnings per share (EPS) for the quarter. As a group, analysts predict that Montage Gold Corp. will post -0.04 EPS for the current year.

Montage Gold Company Profile

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.