Montage Gold Corp. (TSE:MAU) Receives Average Recommendation of “Buy” from Brokerages

Shares of Montage Gold Corp. (TSE:MAU) have received an average rating of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings 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$14.62.

MAU has been the topic of several research analyst reports. Canaccord Genuity Group boosted their price objective on Montage Gold from C$16.00 to C$18.00 and gave the company a “speculative buy” rating in a report on Friday, May 15th. Scotiabank raised their target price on Montage Gold from C$18.50 to C$19.00 and gave the company a “sector outperform” rating in a report on Monday, June 22nd. National Bank Financial lifted their target price on Montage Gold from C$19.00 to C$20.00 in a research report on Friday, May 15th. BMO Capital Markets boosted their price target on shares of Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Stifel Nicolaus increased their price target on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th.

Montage Gold Stock Up 0.8%

Shares of TSE MAU opened at C$16.40 on Friday. The company has a quick ratio of 0.35, a current ratio of 8.43 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is C$15.73 and its two-hundred day moving average is C$13.80. Montage Gold has a 52-week low of C$4.26 and a 52-week high of C$17.60. The firm has a market cap of C$6.61 billion, a price-to-earnings ratio of -86.32 and a beta of 2.27.

Montage Gold (TSE:MAU) last released its quarterly earnings results on Thursday, May 14th. The company reported C($0.03) EPS for the quarter. Research analysts predict that Montage Gold will post -0.04 EPS for the current 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.