Montage Gold Corp. (TSE:MAU) Receives Average Recommendation of “Buy” from Analysts

Montage Gold Corp. (TSE:MAU) has earned an average rating of “Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$14.25.

A number of research analysts have issued reports on the company. Scotiabank lifted their price objective on Montage Gold from C$10.00 to C$15.00 in a report on Monday, January 26th. Stifel Nicolaus lifted their price target on Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, April 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 report on Friday. ATB Cormark Capital Markets lifted their price target on Montage Gold from C$16.50 to C$18.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Finally, BMO Capital Markets lifted their price target on Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday.

Montage Gold Stock Performance

Shares of TSE MAU opened at C$14.93 on Tuesday. The company has a market capitalization of C$6.01 billion, a PE ratio of -78.58 and a beta of 2.39. The firm’s fifty day moving average is C$14.87. Montage Gold has a 52-week low of C$3.74 and a 52-week high of C$17.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.36 and a current ratio of 8.43.

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.