Montage Gold (CVE:MAU) Stock Price Expected to Rise, National Bank Financial Analyst Says

Montage Gold (CVE:MAU) had its price target increased by investment analysts at National Bank Financial from C$16.00 to C$19.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 413.51% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Scotiabank increased their price objective on shares of Montage Gold from C$10.00 to C$15.00 in a research report on Monday, January 26th. Cormark increased 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. Stifel Nicolaus increased their price objective on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets increased their price target on shares of Montage Gold from C$10.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Finally, ATB Cormark Capital Markets increased their price target on shares of Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Montage Gold presently has a consensus rating of “Buy” and a consensus target price of C$13.80.

Montage Gold Stock Up 1.6%

Shares of Montage Gold stock opened at C$3.70 on Friday. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. The company’s 50 day moving average is C$3.70 and its 200 day moving average is C$3.70. Montage Gold has a twelve month low of C$1.24 and a twelve month high of C$3.92. The company has a quick ratio of 0.36, a current ratio of 8.43 and a debt-to-equity ratio of 0.31.

Montage Gold Company Profile

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.