Montage Gold Corp. (CVE:MAU) Receives Average Recommendation of “Buy” from Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have been assigned an average recommendation of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$11.41.

MAU has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on shares of Montage Gold from C$9.25 to C$12.75 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Scotiabank upped their target price on Montage Gold from C$10.00 to C$15.00 in a research report on Monday, January 26th. Ventum Financial lifted their price target on Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a research report on Monday, December 1st. SCP Equity Research increased their price objective on Montage Gold from C$6.50 to C$8.75 and gave the company a “buy” rating in a report on Tuesday, October 7th. Finally, Cormark raised 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.

Montage Gold Price Performance

Shares of MAU stock opened at C$3.70 on Friday. Montage Gold has a fifty-two week low of C$1.24 and a fifty-two week high of C$3.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. The firm has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. The stock’s 50-day simple moving average is C$3.70 and its 200-day simple moving average is 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.