Montage Gold (TSE:MAU) Reaches New 52-Week High – What’s Next?

Montage Gold Corp. (TSE:MAU) hit a new 52-week high during trading on Monday . The company traded as high as C$17.40 and last traded at C$17.36, with a volume of 764662 shares. The stock had previously closed at C$15.92.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Canaccord Genuity Group lifted their target price on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a research note on Friday, May 15th. National Bank Financial boosted their price target on Montage Gold from C$19.00 to C$20.00 in a report on Friday, May 15th. BMO Capital Markets increased their price target on Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, ATB Cormark Capital Markets raised their price objective on Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$14.25.

Montage Gold Stock Performance

The company’s fifty day moving average price is C$15.10 and its two-hundred day moving average price is C$12.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.36 and a current ratio of 8.43. The firm has a market capitalization of C$7.08 billion, a PE ratio of -92.42 and a beta of 2.13.

Montage Gold (TSE:MAU) last released its earnings results on Thursday, May 14th. The company reported C$0.03 earnings per share (EPS) for the quarter. As a group, equities analysts expect that Montage Gold Corp. will post -0.04 earnings per share 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.