Montage Gold (OTCMKTS:MAUTF) Stock Price Up 3.5% – What’s Next?

Montage Gold Corp. (OTCMKTS:MAUTF) shares traded up 3.5% on Wednesday . The stock traded as high as $10.7760 and last traded at $10.70. 104,525 shares changed hands during trading, a decline of 46% from the average session volume of 194,660 shares. The stock had previously closed at $10.34.

Analysts Set New Price Targets

MAUTF has been the subject of several recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Montage Gold in a research note on Monday, January 26th. BMO Capital Markets restated an “outperform” rating on shares of Montage Gold in a research report on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Montage Gold Price Performance

The business’s 50-day moving average is $8.24 and its 200 day moving average is $5.94.

Montage Gold Company Profile

Montage Gold Inc is a mineral exploration company focused on the acquisition, exploration and development of gold projects in West Africa. Headquartered in Vancouver, British Columbia, the company is building a portfolio of highly prospective assets in one of the world’s most prolific gold regions. Montage Gold conducts systematic field programs to advance its targets toward resource definition and potential development.

The company’s principal assets include the Morila West and Tabango gold projects in southwestern Mali.