Montage Gold (CVE:MAU) Price Target Raised to C$15.00 at Scotiabank

Montage Gold (CVE:MAU) had its price target lifted by Scotiabank from C$10.00 to C$15.00 in a research note released on Monday,BayStreet.CA reports.

Several other brokerages also recently issued reports on MAU. National Bankshares upped their target price on shares of Montage Gold from C$8.75 to C$9.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Ventum Financial upped their price objective on Montage Gold from C$8.00 to C$9.75 and gave the company a “buy” rating in a research report on Monday, December 1st. Raymond James Financial lifted their target price on Montage Gold from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Cormark boosted their price target on Montage Gold from C$9.75 to C$10.50 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Finally, Canaccord Genuity Group upped their price target on Montage Gold from C$9.00 to C$11.00 and gave the company a “speculative buy” rating in a report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$10.45.

Montage Gold Stock Performance

Shares of MAU opened at C$3.70 on Monday. 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 business’s 50 day moving average price is C$3.70 and its 200-day moving average price is C$3.70. Montage Gold has a 52 week low of C$1.24 and a 52 week high of C$3.92. The stock has a market cap of C$1.31 billion, a P/E 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.