Stifel Nicolaus Forecasts Strong Price Appreciation for Montage Gold (TSE:MAU) Stock

Montage Gold (TSE:MAU) had its price target boosted by investment analysts at Stifel Nicolaus from C$18.00 to C$21.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 12.48% from the stock’s previous close.

MAU has been the subject of a number of other research reports. ATB Cormark Capital Markets upped their price objective on shares of Montage Gold from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday. National Bank Financial raised their target price on Montage Gold from C$19.00 to C$20.00 in a research report on Friday, May 15th. Canaccord Genuity Group lifted their price target on Montage Gold from C$16.00 to C$18.00 and gave the company a “speculative buy” rating in a research note on Friday, May 15th. Scotiabank upped their price target on Montage Gold from C$19.00 to C$20.00 and gave the stock a “sector outperform” rating in a report on Wednesday. Finally, BMO Capital Markets raised their price objective on Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$15.35.

Montage Gold Stock Performance

Shares of TSE:MAU traded up C$0.22 during trading on Wednesday, hitting C$18.67. 879,503 shares of the stock traded hands, compared to its average volume of 1,174,544. The company has a quick ratio of 0.35, a current ratio of 8.43 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average price of C$16.18 and a two-hundred day moving average price of C$14.28. Montage Gold has a 52-week low of C$5.03 and a 52-week high of C$19.28. The company has a market cap of C$7.53 billion, a price-to-earnings ratio of -98.26 and a beta of 2.30.

Montage Gold (TSE:MAU) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) earnings per share (EPS) for the quarter. As a group, equities analysts predict that Montage Gold will post -0.04 EPS for the current year.

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.