Analysts Set Montage Gold Corp. (CVE:MAU) PT at C$11.41

Shares of Montage Gold Corp. (CVE:MAU) have been assigned an average recommendation of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$11.41.

MAU has been the topic of several analyst reports. Stifel Nicolaus lifted their price objective on Montage Gold from C$9.25 to C$12.75 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Raymond James Financial lifted their price target on Montage Gold from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Canaccord Genuity Group boosted their price objective on Montage Gold from C$9.00 to C$11.00 and gave the company a “speculative buy” rating in a research report on Wednesday, December 17th. BMO Capital Markets raised their target price on shares of Montage Gold from C$10.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Finally, Ventum Financial upped their price target on shares of Montage Gold from C$8.00 to C$9.75 and gave the company a “buy” rating in a report on Monday, December 1st.

Montage Gold Price Performance

Shares of CVE:MAU opened at C$3.70 on Thursday. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30. The stock has a market cap of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. The company’s fifty day moving average is C$3.70 and its 200 day moving average is C$3.70. Montage Gold has a 52 week low of C$1.24 and a 52 week high of C$3.92.

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.