Montage Gold Corp. (CVE:MAU) Receives C$5.60 Average PT from Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have received an average rating of “Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$5.60.

MAU has been the subject of a number of research reports. Beacon Securities raised their price objective on 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. Canaccord Genuity Group set a C$7.50 price objective on Montage Gold and gave the company a “speculative buy” rating in a research note on Friday, September 12th. Finally, Scotiabank set a C$6.25 target price on Montage Gold and gave the company an “outperform” rating in a research report on Thursday, September 4th.

Montage Gold Trading Up 1.6%

Shares of MAU stock opened at C$3.70 on Monday. The company has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. The stock has a 50 day simple moving average of C$3.70 and a two-hundred day simple moving average of C$3.64. 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 fifty-two week low of C$1.24 and a fifty-two week high of C$3.92.

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.