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

Shares of Montage Gold Corp. (CVE:MAU) have been given an average rating of “Buy” by the ten research firms that are covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$11.41.

MAU has been the subject of several recent research reports. National Bank Financial increased their price objective on shares of Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Cormark boosted their target price on shares of Montage Gold from C$9.75 to C$10.50 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Ventum Financial raised their price target on shares of Montage Gold from C$8.00 to C$9.75 and gave the company a “buy” rating in a report on Monday, December 1st. BMO Capital Markets lifted 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 note on Wednesday, January 28th. Finally, Scotiabank boosted their price objective on shares of Montage Gold from C$10.00 to C$15.00 in a report on Monday, January 26th.

Montage Gold Price Performance

Shares of CVE MAU opened at C$3.70 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.36. Montage Gold has a 1-year low of C$1.24 and a 1-year high of C$3.92. 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. The business has a 50-day moving average of C$3.70 and a 200-day moving average of C$3.70.

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.