Montage Gold (CVE:MAU) Given New C$12.75 Price Target at Stifel Nicolaus

Montage Gold (CVE:MAU) had its price target hoisted by Stifel Nicolaus from C$9.25 to C$12.75 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on MAU. Ventum Financial increased their price target on Montage Gold from C$8.00 to C$9.75 and gave the company a “buy” rating in a research report on Monday, December 1st. Beacon Securities raised 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 report on Tuesday, September 23rd. Cormark lifted their price target on shares of Montage Gold from C$9.75 to C$10.50 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Canaccord Genuity Group increased their price objective on shares of Montage Gold from C$9.00 to C$11.00 and gave the company a “speculative buy” rating in a research report on Wednesday, December 17th. Finally, SCP Equity Research raised 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. Three analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$9.48.

Montage Gold Stock Up 1.6%

Montage Gold stock opened at C$3.70 on Tuesday. The firm has a market capitalization of C$1.31 billion, a P/E 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 twelve month low of C$1.24 and a twelve month high of C$3.92. The stock’s fifty day simple moving average is C$3.70 and its 200-day simple moving average is C$3.70.

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.