Montage Gold (CVE:MAU) Stock Price Up 1.6% – Should You Buy?

Montage Gold Corp. (CVE:MAU)’s share price traded up 1.6% during trading on Monday . The company traded as high as C$3.72 and last traded at C$3.70. 180,469 shares traded hands during trading, a decline of 41% from the average session volume of 306,976 shares. The stock had previously closed at C$3.64.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MAU shares. Raymond James Financial increased their target price on shares of Montage Gold from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Scotiabank raised their price target on Montage Gold from C$10.00 to C$15.00 in a research report on Monday, January 26th. National Bank Financial boosted their price objective on Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. BMO Capital Markets upped their price target on shares of Montage Gold from C$10.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Finally, Stifel Nicolaus raised their price objective 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. Ten research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$11.41.

Montage Gold Stock Performance

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 company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is C$3.70 and its two-hundred day 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.