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

Montage Gold Corp. (TSE:MAU) has received a consensus recommendation of “Buy” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$14.25.

Several research firms have issued reports on MAU. BMO Capital Markets boosted their target price on Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets boosted their target price on Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Stifel Nicolaus boosted their price target on Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Canaccord Genuity Group upped their price target on Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a report on Friday, May 15th. Finally, National Bank Financial upped their price target on Montage Gold from C$19.00 to C$20.00 in a report on Friday, May 15th.

Montage Gold Stock Performance

TSE MAU opened at C$15.92 on Friday. The company has a current ratio of 8.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is C$15.10 and its two-hundred day moving average is C$12.98. Montage Gold has a 12-month low of C$4.24 and a 12-month high of C$17.30. The stock has a market capitalization of C$6.42 billion, a price-to-earnings ratio of -83.79 and a beta of 2.13.

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.