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

Montage Gold Corp. (CVE:MAU) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$6.51.

A number of analysts have commented on the stock. National Bankshares upped their price objective on shares of Montage Gold from C$8.00 to C$8.75 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Scotiabank set a C$6.25 price objective on shares of Montage Gold and gave the company an “outperform” rating in a research note on Thursday, September 4th. Canaccord Genuity Group set a C$7.50 price objective on shares of Montage Gold and gave the company a “speculative buy” rating in a research note on Friday, September 12th. SCP Equity Research upped their price objective on shares of Montage Gold from C$6.50 to C$8.75 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, Beacon Securities upped their price objective on shares of Montage Gold from C$6.00 to C$7.80 and gave the company a “buy” rating in a research note on Tuesday, September 23rd.

Montage Gold Price Performance

MAU stock opened at C$3.70 on Friday. 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 has a one year low of C$1.24 and a one year high of C$3.92. The firm has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. The firm has a 50-day moving average of C$3.70 and a two-hundred day moving average of 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.