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

Shares of Montage Gold Corp. (TSE:MAU) have received an average recommendation of “Buy” from the eleven brokerages that are covering the stock, Marketbeat reports. Eleven equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is C$14.62.

Several brokerages recently weighed in on MAU. ATB Cormark Capital Markets increased their price objective 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. Canaccord Genuity Group lifted their target price on Montage Gold from C$16.00 to C$18.00 and gave the company a “speculative buy” rating in a research report on Friday, May 15th. Scotiabank upped their price target on Montage Gold from C$18.50 to C$19.00 and gave the company a “sector outperform” rating in a research note on Monday, June 22nd. National Bank Financial increased their price target on Montage Gold from C$19.00 to C$20.00 in a report on Friday, May 15th. Finally, BMO Capital Markets raised their price objective 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.

Montage Gold Stock Performance

TSE:MAU opened at C$16.40 on Friday. The company’s 50-day moving average is C$15.73 and its two-hundred day moving average is C$13.80. Montage Gold has a 1-year low of C$4.26 and a 1-year high of C$17.60. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.35. The firm has a market capitalization of C$6.61 billion, a price-to-earnings ratio of -86.32 and a beta of 2.27.

Montage Gold (TSE:MAU) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.03) earnings per share (EPS) for the quarter. Analysts forecast that Montage Gold will post -0.04 EPS for the current year.

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.