Brokerages Set Montage Gold Corp. (CVE:MAU) Target Price at C$3.27

Shares of Montage Gold Corp. (CVE:MAU) have been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$3.27.

MAU has been the topic of several research reports. Stifel Nicolaus upped their target price on Montage Gold from C$3.20 to C$4.85 in a report on Wednesday, October 30th. BMO Capital Markets increased their price objective on shares of Montage Gold from C$3.00 to C$3.75 in a research note on Friday, October 25th. Ventum Cap Mkts raised shares of Montage Gold to a “strong-buy” rating in a report on Friday, September 27th. Cormark raised their price objective on shares of Montage Gold from C$2.00 to C$2.50 in a research note on Thursday, August 15th. Finally, Raymond James upped their target price on Montage Gold from C$1.65 to C$2.75 in a research note on Thursday, August 15th.

Montage Gold Price Performance

Shares of CVE:MAU opened at C$2.19 on Friday. Montage Gold has a 12 month low of C$0.65 and a 12 month high of C$2.61. The firm has a market capitalization of C$754.63 million, a price-to-earnings ratio of -14.67 and a beta of 1.55. The business’s 50 day simple moving average is C$2.15 and its 200-day simple moving average is C$1.80. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36.

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.