Stifel Nicolaus Increases Montage Gold (CVE:MAU) Price Target to C$5.00

Montage Gold (CVE:MAU) had its target price hoisted by equities research analysts at Stifel Nicolaus from C$4.60 to C$5.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ target price indicates a potential upside of 35.14% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Stifel Canada upgraded shares of Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Raymond James upped their target price on shares of Montage Gold from C$3.50 to C$4.75 in a research report on Friday, April 4th. Cormark boosted their target price on Montage Gold from C$3.00 to C$4.50 and gave the stock a “buy” rating in a research report on Tuesday, March 25th. Finally, National Bank Financial raised shares of Montage Gold to a “strong-buy” rating in a report on Friday, March 21st. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$4.10.

Montage Gold Stock Down 1.3 %

Shares of MAU traded down C$0.05 during trading hours on Monday, reaching C$3.70. 423,771 shares of the stock traded hands, compared to its average volume of 307,476. Montage Gold has a 52 week low of C$1.19 and a 52 week high of C$3.92. 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 stock has a fifty day simple moving average of C$2.84 and a 200 day simple moving average of C$2.43. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55.

Insiders Place Their Bets

In other news, Director David Field sold 93,100 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of C$3.03, for a total value of C$282,093.00. Corporate insiders own 34.16% 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.