Montage Gold (CVE:MAU) Upgraded by Ventum Cap Mkts to “Strong-Buy”

Montage Gold (CVE:MAU) was upgraded by analysts at Ventum Cap Mkts to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

A number of other equities research analysts also recently weighed in on MAU. BMO Capital Markets set a C$2.50 target price on shares of Montage Gold and gave the company an “outperform” rating in a research note on Thursday, August 15th. Raymond James raised their price objective on shares of Montage Gold from C$1.65 to C$2.75 in a research report on Thursday, August 15th. National Bank Financial raised shares of Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. National Bankshares set a C$2.50 target price on Montage Gold and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus lifted their price target on Montage Gold from C$1.75 to C$2.20 in a research note on Thursday, July 11th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$2.49.

Montage Gold Stock Performance

Montage Gold stock opened at C$1.90 on Friday. The firm’s 50 day simple moving average is C$1.80 and its 200 day simple moving average is C$1.52. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11. Montage Gold has a 1-year low of C$0.51 and a 1-year high of C$2.03. The firm has a market capitalization of C$654.70 million, a PE ratio of -12.67 and a beta of 1.54.

Montage Gold (CVE:MAU) last posted its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.02). As a group, analysts expect that Montage Gold will post -0.04 earnings per share for the current fiscal 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.