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

Montage Gold Corp. (CVE:MAU) has earned a consensus rating of “Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$4.29.

Several brokerages have issued reports on MAU. Ventum Cap Mkts upgraded Montage Gold to a “strong-buy” rating in a research note on Thursday, May 1st. National Bank Financial raised Montage Gold to a “strong-buy” rating in a research report on Friday, March 21st. Ventum Financial raised their price objective on Montage Gold from C$4.90 to C$5.25 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Stifel Nicolaus boosted their target price on shares of Montage Gold from C$4.60 to C$5.00 in a research note on Monday, April 21st. Finally, Raymond James raised their price target on shares of Montage Gold from C$3.50 to C$4.75 in a research report on Friday, April 4th.

Insider Buying and Selling at Montage Gold

In other news, Director Anu Dhir sold 130,000 shares of Montage Gold stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of C$3.60, for a total transaction of C$468,000.00. Also, Director David Field sold 93,100 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of C$3.03, for a total value of C$282,093.00. 34.16% of the stock is currently owned by company insiders.

Montage Gold Stock Performance

Shares of Montage Gold stock opened at C$3.70 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. Montage Gold has a 1 year low of C$1.24 and a 1 year high of C$3.92. The firm’s 50-day simple moving average is C$3.24 and its 200-day simple moving average is C$2.59. The firm has a market cap of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55.

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.