Stifel Nicolaus Forecasts Strong Price Appreciation for Montage Gold (CVE:MAU) Stock

Montage Gold (CVE:MAU) had its price target raised by equities researchers at Stifel Nicolaus from C$16.00 to C$18.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 386.49% from the company’s current price.

Several other analysts have also recently weighed in on the stock. ATB Cormark Capital Markets raised their price objective on shares of Montage Gold from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Cormark raised their price objective on shares of Montage Gold from C$9.75 to C$10.50 and gave the company a “buy” rating in a research report on Thursday, December 18th. Scotiabank raised their price objective on shares of Montage Gold from C$10.00 to C$15.00 in a research report on Monday, January 26th. Canaccord Genuity Group raised their price objective on shares of Montage Gold from C$11.00 to C$16.00 and gave the company a “speculative buy” rating in a research report on Thursday, March 26th. Finally, BMO Capital Markets raised their price objective on shares of Montage Gold from C$10.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Eleven 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$12.94.

Montage Gold Stock Performance

Montage Gold stock opened at C$3.70 on Wednesday. The firm’s fifty day moving average price is C$3.70 and its 200-day moving average price is C$3.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.36 and a current ratio of 8.43. The stock has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. Montage Gold has a fifty-two week low of C$1.24 and a fifty-two week 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.