Montage Gold Corp. (CVE:MAU) Receives Consensus Rating of “Buy” from Analysts

Montage Gold Corp. (CVE:MAU) has earned an average rating of “Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$4.29.

Several analysts recently commented on the stock. National Bank Financial raised shares of Montage Gold to a “strong-buy” rating in a report on Friday, March 21st. Raymond James Financial lifted their target price on shares of Montage Gold from C$3.50 to C$4.75 in a report on Friday, April 4th. Stifel Nicolaus lifted their target price on shares of Montage Gold from C$4.60 to C$5.00 in a report on Monday, April 21st. Ventum Financial lifted their target price 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. Finally, Ventum Cap Mkts raised shares of Montage Gold to a “strong-buy” rating in a report on Thursday, May 1st.

Montage Gold Stock Up 1.6%

Montage Gold stock opened at C$3.70 on Friday. The firm has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. The company’s 50-day moving average is C$3.70 and its 200-day moving average is C$2.94. Montage Gold has a fifty-two week low of C$1.24 and a fifty-two week high of C$3.92. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36.

Insider Buying and Selling at Montage Gold

In other news, Director Anu Dhir sold 130,000 shares of the company’s stock in a transaction that occurred on 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 the company’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of C$3.03, for a total transaction of C$282,093.00. 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.