Cormark Boosts Montage Gold (CVE:MAU) Price Target to C$4.50

Montage Gold (CVE:MAU - Free Report) had its price target increased by Cormark from C$3.00 to C$4.50 in a report released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the stock. Stifel Canada upgraded shares of Montage Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Stifel Nicolaus set a C$4.60 target price on Montage Gold and gave the stock a "buy" rating in a research report on Wednesday, March 19th. Finally, National Bank Financial upgraded Montage Gold to a "strong-buy" rating in a research report on Friday, March 21st. Four analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$3.62.

Montage Gold Stock Up 3.9 %

Shares of CVE:MAU traded up C$0.12 during mid-day trading on Tuesday, hitting C$3.19. 639,589 shares of the company traded hands, compared to its average volume of 227,666. The firm has a market cap of C$1.13 billion, a P/E ratio of -22.70 and a beta of 1.55. Montage Gold has a 52-week low of C$1.19 and a 52-week high of C$3.22. The firm's 50 day simple moving average is C$2.44 and its 200 day simple moving average is C$2.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33.

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.