Montage Gold (CVE:MAU) Trading Up 1.6% – Still a Buy?

Shares of Montage Gold Corp. (CVE:MAU) were up 1.6% during trading on Wednesday . The stock traded as high as C$3.72 and last traded at C$3.70. Approximately 180,469 shares were traded during trading, a decline of 41% from the average daily volume of 306,976 shares. The stock had previously closed at C$3.64.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MAU shares. Ventum Cap Mkts raised shares of Montage Gold to a “strong-buy” rating in a report on Thursday, May 1st. National Bank Financial raised shares of Montage Gold to a “strong-buy” rating in a report on Friday, March 21st. Cormark raised their price target on shares of Montage Gold from C$3.00 to C$4.50 and gave the stock a “buy” rating in a report on Tuesday, March 25th. Raymond James Financial raised their price target on shares of Montage Gold from C$3.50 to C$4.75 in a report on Friday, April 4th. Finally, Ventum Financial raised their price target on shares of Montage Gold from C$4.90 to C$5.25 and gave the stock a “buy” rating in a report on Friday, May 2nd. Five research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Montage Gold currently has an average rating of “Buy” and an average price target of C$4.29.

Montage Gold Stock Performance

The company’s 50-day moving average price is C$3.70 and its 200 day moving average price is C$2.91. 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 stock has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55.

Insider Transactions at Montage Gold

In related news, Director Anu Dhir sold 130,000 shares of Montage Gold stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of C$3.60, for a total transaction of C$468,000.00. Also, Director David Field sold 93,100 shares of Montage Gold stock in a transaction dated Friday, April 4th. The shares were sold at an average price of C$3.03, for a total transaction of C$282,093.00. Corporate insiders own 34.16% of the company’s stock.

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.