Montage Gold (TSE:MAU) Price Target Raised to C$22.00 at BMO Capital Markets

Montage Gold (TSE:MAU) had its price target lifted by BMO Capital Markets from C$20.00 to C$22.00 in a report published on Friday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the company. National Bank Financial increased their price target on Montage Gold from C$16.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Canaccord Genuity Group increased their price target on Montage Gold from C$11.00 to C$16.00 and gave the stock a “speculative buy” rating in a research report on Thursday, March 26th. Stifel Nicolaus increased their price target on Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. ATB Cormark Capital Markets increased their price target on Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Finally, Scotiabank increased their price target on Montage Gold from C$10.00 to C$15.00 in a research report on Monday, January 26th. Eleven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Montage Gold currently has a consensus rating of “Buy” and a consensus price target of C$14.25.

Montage Gold Stock Performance

Shares of MAU opened at C$14.93 on Friday. The stock’s 50-day moving average is C$14.87. The firm has a market cap of C$6.01 billion, a P/E ratio of -106.64 and a beta of 2.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.36. Montage Gold has a fifty-two week low of C$3.74 and a fifty-two week high of C$17.30.

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.