Brokerages Set Montage Gold Corp. (CVE:MAU) PT at C$12.94

Montage Gold Corp. (CVE:MAU) has received a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Eleven research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$13.80.

Several equities research analysts have issued reports on MAU shares. Stifel Nicolaus increased their target price on Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. National Bank Financial lifted their target price on Montage Gold from C$16.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday. 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. BMO Capital Markets boosted 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 note on Wednesday, January 28th. Finally, ATB Cormark Capital Markets upped their target price on shares of Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st.

Montage Gold Price Performance

MAU opened at C$3.70 on Friday. The firm has a 50-day moving average price of C$3.70 and a 200-day moving average price of 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. The company has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55.

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.