Montage Gold (CVE:MAU) Trading Up 1.6% – Time to Buy?

Montage Gold Corp. (CVE:MAU)’s stock price shot up 1.6% during trading on Friday . The stock traded as high as C$3.72 and last traded at C$3.70. Approximately 180,469 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 306,976 shares. The stock had previously closed at C$3.64.

Analysts Set New Price Targets

MAU has been the subject of a number of recent analyst reports. Beacon Securities increased their target price on shares of 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. Canaccord Genuity Group set a C$7.50 price objective on shares of Montage Gold and gave the stock a “speculative buy” rating in a research note on Friday, September 12th. SCP Equity Research raised their price objective on shares of Montage Gold from C$6.50 to C$8.75 and gave the stock a “buy” rating in a report on Tuesday, October 7th. National Bankshares boosted their target price on Montage Gold from C$8.00 to C$8.75 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Finally, Scotiabank set a C$6.25 price target on Montage Gold and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Three analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$6.51.

Montage Gold Stock Performance

The firm has a fifty day moving average of C$3.70 and a 200-day moving average of C$3.70. 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 P/E ratio of -26.33 and a beta of 1.55.

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.