Montage Gold (CVE:MAU) Price Target Raised to C$16.00 at Canaccord Genuity Group

Montage Gold (CVE:MAU) had its price target raised by Canaccord Genuity Group from C$11.00 to C$16.00 in a research note published on Thursday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

MAU has been the subject of a number of other research reports. National Bank Financial raised their price objective on shares of 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. Ventum Financial boosted their target price 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. BMO Capital Markets increased their target price on Montage Gold from C$10.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Cormark raised their price target on Montage Gold from C$9.75 to C$10.50 and gave the company a “buy” rating in a report on Thursday, December 18th. Finally, Raymond James Financial lifted their price target on 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. Ten equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$11.91.

Montage Gold Price Performance

MAU stock opened at C$3.70 on Thursday. The company has a current ratio of 8.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31. 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 business has a 50 day simple moving average of C$3.70 and a 200-day simple moving average of C$3.70. Montage Gold has a twelve month low of C$1.24 and a twelve month high of C$3.92.

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.