Montage Gold Corp. (CVE:MAU) Given Average Recommendation of “Buy” by Analysts

Montage Gold Corp. (CVE:MAU) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$6.51.

Several research analysts have recently weighed in on MAU shares. Scotiabank set a C$6.25 price objective on Montage Gold and gave the stock an “outperform” rating in a research report on Thursday, September 4th. SCP Equity Research lifted their target price on Montage Gold from C$6.50 to C$8.75 and gave the stock a “buy” rating in a report on Tuesday, October 7th. National Bankshares increased their price target on Montage Gold from C$8.00 to C$8.75 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Beacon Securities raised their price objective on shares of Montage Gold from C$6.00 to C$7.80 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Finally, Canaccord Genuity Group set a C$7.50 target price on shares of Montage Gold and gave the company a “speculative buy” rating in a research report on Friday, September 12th.

Montage Gold Price Performance

Shares of CVE MAU opened at C$3.70 on Tuesday. The company has a market capitalization of C$1.31 billion, a PE 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. Montage Gold has a twelve month low of C$1.24 and a twelve month high of C$3.92. The firm has a fifty day simple moving average of C$3.70 and a 200 day simple moving average of C$3.70.

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.