Montage Gold (CVE:MAU) Price Target Raised to C$1.65 at Raymond James

Montage Gold (CVE:MAU) had its price objective upped by Raymond James from C$1.50 to C$1.65 in a research note issued on Tuesday, BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 38.66% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Montage Gold from C$1.50 to C$1.75 in a report on Friday, April 19th. Stifel Canada reiterated a “buy” rating on shares of Montage Gold in a report on Thursday, February 1st.

Montage Gold Stock Performance

MAU stock opened at C$1.19 on Tuesday. The stock has a market capitalization of C$280.01 million, a P/E ratio of -10.82 and a beta of 1.09. Montage Gold has a one year low of C$0.51 and a one year high of C$1.41. The company has a 50 day moving average price of C$1.09 and a two-hundred day moving average price of C$0.82.

Insider Activity at Montage Gold

In other Montage Gold news, Senior Officer Kevin John Ross sold 168,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$0.83, for a total value of C$139,440.00. Company insiders own 49.83% of the company’s stock.

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.