Montage Gold (CVE:MAU) Given a C$7.50 Price Target by Canaccord Genuity Group Analysts

Montage Gold (CVE:MAU) received a C$7.50 price target from equities researchers at Canaccord Genuity Group in a note issued to investors on Friday, MarketBeat.com reports. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 102.70% from the stock’s current price.

Separately, 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 research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, Montage Gold presently has an average rating of “Buy” and a consensus price target of C$5.29.

Montage Gold Stock Performance

CVE MAU opened at C$3.70 on Friday. The firm has a market cap of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. 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 business has a 50-day moving average price of C$3.70 and a 200-day moving average price of C$3.50. Montage Gold has a twelve month low of C$1.24 and a twelve month high of C$3.92.

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.