Montage Gold (CVE:MAU) Given New C$9.25 Price Target at Stifel Nicolaus

Montage Gold (CVE:MAU) had its price objective boosted by Stifel Nicolaus from C$9.00 to C$9.25 in a report issued on Monday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other analysts have also recently commented on the company. Scotiabank set a C$6.25 price target on Montage Gold and gave the company an “outperform” rating in a research note on Thursday, September 4th. SCP Equity Research boosted their price objective on shares of Montage Gold from C$6.50 to C$8.75 and gave the company a “buy” rating in a report on Tuesday, October 7th. Beacon Securities upped their target price on shares of 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. National Bankshares increased their target price on shares of Montage Gold from C$8.00 to C$8.75 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group boosted their price target on shares of Montage Gold from C$8.00 to C$9.00 in a report on Tuesday, November 18th. Three equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$7.73.

Montage Gold Trading Up 1.6%

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

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.