Montage Gold (CVE:MAU) Price Target Raised to C$10.50 at Cormark

Montage Gold (CVE:MAU) had its target price raised by stock analysts at Cormark from C$9.75 to C$10.50 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Cormark’s price target would indicate a potential upside of 183.78% from the stock’s current price.

Other analysts also recently issued research reports about the company. Beacon Securities raised their price objective on Montage Gold from C$6.00 to C$7.80 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Ventum Financial upped their target price on Montage Gold from C$8.00 to C$9.75 and gave the company a “buy” rating in a research note on Monday, December 1st. Stifel Nicolaus raised their target price on Montage Gold from C$9.00 to C$9.25 and gave the stock a “buy” rating in a research report on Monday, November 24th. Raymond James Financial lifted their price target on shares of 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. Finally, SCP Equity Research boosted their price target on shares of Montage Gold from C$6.50 to C$8.75 and gave the company a “buy” rating in a report on Tuesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$9.09.

Montage Gold Stock Performance

Montage Gold stock traded up C$0.06 during mid-day trading on Thursday, reaching C$3.70. The company had a trading volume of 180,469 shares, compared to its average volume of 306,976. 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 firm has a market cap of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. The company has a 50 day moving average of C$3.70 and a 200-day moving average of 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.