Montage Gold (CVE:MAU) Given New C$20.00 Price Target at BMO Capital Markets

Montage Gold (CVE:MAU) had its target price upped by BMO Capital Markets from C$10.00 to C$20.00 in a report issued on Wednesday morning,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on MAU. Raymond James Financial upped their price target on shares of Montage Gold from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Cormark increased their price objective on 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. SCP Equity Research upped their price target on shares of Montage Gold from C$6.50 to C$8.75 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Ventum Financial increased their price target on shares of 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. Finally, Scotiabank increased their price target on Montage Gold from C$10.00 to C$15.00 in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$11.41.

Montage Gold Price Performance

Shares of CVE:MAU opened at C$3.70 on Wednesday. The company 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 debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36. The firm’s 50 day simple moving average is C$3.70 and its two-hundred day simple moving average is C$3.70. Montage Gold has a 1-year low of C$1.24 and a 1-year 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.