Montage Gold (CVE:MAU) Stock Price Expected to Rise, Scotiabank Analyst Says

Montage Gold (CVE:MAU) had its target price hoisted by equities research analysts at Scotiabank from C$10.00 to C$15.00 in a research note issued on Monday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 305.41% from the company’s previous close.

Several other equities research analysts also recently issued reports on MAU. Stifel Nicolaus boosted their price objective on shares of Montage Gold from C$9.25 to C$12.75 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Ventum Financial boosted their price objective on Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a research note on Monday, December 1st. Canaccord Genuity Group raised their target price on Montage Gold from C$9.00 to C$11.00 and gave the company a “speculative buy” rating in a report on Wednesday, December 17th. National Bankshares lifted their price objective on shares of Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Finally, Raymond James Financial raised their price target on shares of Montage Gold from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat.com, Montage Gold has a consensus rating of “Buy” and an average target price of C$10.45.

Montage Gold Trading Up 1.6%

Shares of MAU traded up C$0.06 during trading hours on Monday, hitting C$3.70. The stock had a trading volume of 180,469 shares, compared to its average volume of 306,976. The firm has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. The company’s fifty day simple moving average is C$3.70 and its 200 day simple moving average is C$3.70. Montage Gold has a 12-month low of C$1.24 and a 12-month 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.