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

Montage Gold (TSE:MAU) had its target price hoisted by investment analysts at National Bank Financial from C$19.00 to C$20.00 in a research note issued on Friday,BayStreet.CA reports. National Bank Financial’s price objective indicates a potential upside of 32.45% from the company’s current price.

A number of other equities analysts have also commented on the stock. Canaccord Genuity Group lifted their price target on shares of Montage Gold from C$11.00 to C$16.00 and gave the stock a “speculative buy” rating in a report on Thursday, March 26th. BMO Capital Markets lifted 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 report on Friday. Scotiabank lifted their price target on shares of Montage Gold from C$10.00 to C$15.00 in a report on Monday, January 26th. ATB Cormark Capital Markets lifted their price target on shares of Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Finally, Stifel Nicolaus lifted their target price on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$14.25.

Montage Gold Stock Performance

Shares of TSE:MAU traded down C$1.15 during mid-day trading on Friday, reaching C$15.10. 374,449 shares of the company’s stock were exchanged, compared to its average volume of 1,223,815. The firm has a market cap of C$6.08 billion, a price-to-earnings ratio of -107.86 and a beta of 2.39. The firm’s fifty day simple moving average is C$14.87. 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 has a twelve month low of C$3.74 and a twelve month high of C$17.30.

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.