Montage Gold (CVE:MAU) Stock Price Expected to Rise, Raymond James Analyst Says

Montage Gold (CVE:MAU) had its price target lifted by Raymond James from C$3.50 to C$4.75 in a research report released on Friday morning,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on MAU. National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Nicolaus set a C$4.60 price target on shares of Montage Gold and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Cormark lifted their price objective on Montage Gold from C$3.00 to C$4.50 and gave the company a “buy” rating in a report on Tuesday, March 25th. Finally, Stifel Canada raised Montage Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Four analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$4.02.

Montage Gold Stock Performance

MAU opened at C$3.02 on Friday. The stock has a market cap of C$1.07 billion, a PE ratio of -21.49 and a beta of 1.55. Montage Gold has a 1 year low of C$1.19 and a 1 year high of C$3.28. The stock’s 50 day simple moving average is C$2.54 and its 200-day simple moving average is C$2.29. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30.

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.