Brokerages Set Montage Gold Corp. (CVE:MAU) Target Price at C$5.60

Montage Gold Corp. (CVE:MAU) has received an average rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$5.60.

A number of research analysts recently issued reports on the company. Canaccord Genuity Group set a C$7.50 price objective on Montage Gold and gave the company a “speculative buy” rating in a research note on Friday, September 12th. Beacon Securities boosted their price objective on Montage Gold from C$6.00 to C$7.80 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Finally, Scotiabank set a C$6.25 price target on Montage Gold and gave the stock an “outperform” rating in a report on Thursday, September 4th.

Montage Gold Trading Up 1.6%

Shares of CVE:MAU opened at C$3.70 on Monday. The stock has a 50 day moving average of C$3.70 and a 200 day moving average of C$3.61. The company has a market cap of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30. Montage Gold has a 12-month low of C$1.24 and a 12-month high of C$3.92.

Montage Gold Company Profile

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.