National Bankshares Issues Positive Forecast for Montage Gold (CVE:MAU) Stock Price

Montage Gold (CVE:MAU) had its price objective raised by National Bankshares from C$8.75 to C$9.50 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. SCP Equity Research increased their price target on Montage Gold from C$6.50 to C$8.75 and gave the company a “buy” rating in a report on Tuesday, October 7th. Scotiabank set a C$6.25 target price on Montage Gold and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Canaccord Genuity Group boosted their price target on Montage Gold from C$8.00 to C$9.00 in a research note on Tuesday, November 18th. Cormark increased their price objective on shares of Montage Gold from C$9.50 to C$9.75 and gave the stock a “buy” rating in a research note on Monday. Finally, Beacon Securities raised their price objective on shares of Montage Gold from C$6.00 to C$7.80 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Three analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$8.28.

Montage Gold Stock Up 1.6%

Montage Gold stock opened at C$3.70 on Wednesday. Montage Gold has a 12 month low of C$1.24 and a 12 month high of C$3.92. The stock has a fifty day simple moving average of C$3.70 and a two-hundred day simple moving average of C$3.70. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30. The firm has a market cap of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55.

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.