Montage Gold (CVE:MAU) Price Target Raised to C$20.00

Montage Gold (CVE:MAU) had its price target upped by BMO Capital Markets from C$10.00 to C$20.00 in a research report released on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group raised their price objective on shares of Montage Gold from C$9.00 to C$11.00 and gave the stock a “speculative buy” rating in a research note on Wednesday, December 17th. Ventum Financial increased their price target on Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a report on Monday, December 1st. National Bankshares raised their price target on Montage Gold from C$8.75 to C$9.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Cormark upped their price objective on Montage Gold from C$9.75 to C$10.50 and gave the company a “buy” rating in a research report on Thursday, December 18th. Finally, Scotiabank increased their target price on Montage Gold from C$10.00 to C$15.00 in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat.com, Montage Gold has an average rating of “Buy” and an average price target of C$11.41.

Montage Gold Trading Up 1.6%

MAU stock opened at C$3.70 on Wednesday. Montage Gold has a twelve month low of C$1.24 and a twelve month high of C$3.92. The stock has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is C$3.70 and its two-hundred day simple moving average is C$3.70.

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.