Montage Gold Corp. (CVE:MAU) Given Consensus Rating of “Buy” by Analysts

Shares of Montage Gold Corp. (CVE:MAU) have been assigned a consensus rating of “Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$11.41.

Several research firms have recently issued reports on MAU. Scotiabank upped their price target on Montage Gold from C$10.00 to C$15.00 in a research note on Monday, January 26th. BMO Capital Markets upped their target price on 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. Raymond James Financial increased their price target on Montage Gold from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Stifel Nicolaus boosted their price objective on shares of Montage Gold from C$9.25 to C$12.75 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, National Bank Financial upped their price objective on shares of Montage Gold from C$8.75 to C$9.50 and gave the stock an “outperform” rating in a report on Wednesday, November 26th.

Montage Gold Stock Up 1.6%

MAU stock opened at C$3.70 on Thursday. The firm has a market cap of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. Montage Gold has a 1 year low of C$1.24 and a 1 year high of C$3.92. The company has a fifty day simple moving average of C$3.70 and a 200 day simple moving average of C$3.70. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30.

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.