Montage Gold (CVE:MAU) Price Target Increased to C$3.75 by Analysts at BMO Capital Markets

Montage Gold (CVE:MAU - Free Report) had its target price boosted by BMO Capital Markets from C$3.00 to C$3.75 in a research report released on Friday, BayStreet.CA reports.

A number of other research firms also recently issued reports on MAU. Cormark boosted their price target on shares of Montage Gold from C$2.00 to C$2.50 in a research note on Thursday, August 15th. National Bank Financial raised shares of Montage Gold to a "strong-buy" rating in a research note on Monday, July 22nd. National Bankshares set a C$2.50 price target on shares of Montage Gold and gave the company an "outperform" rating in a research note on Tuesday, July 23rd. Raymond James boosted their price target on shares of Montage Gold from C$1.65 to C$2.75 in a research note on Thursday, August 15th. Finally, Stifel Nicolaus reduced their price target on shares of Montage Gold from C$2.60 to C$2.20 and set a "buy" rating on the stock in a research note on Tuesday, October 8th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$2.74.

Montage Gold Trading Up 1.2 %

Montage Gold stock traded up C$0.03 during midday trading on Friday, hitting C$2.51. 1,053,399 shares of the stock were exchanged, compared to its average volume of 335,842. Montage Gold has a fifty-two week low of C$0.55 and a fifty-two week high of C$2.58. The stock has a market capitalization of C$864.90 million, a price-to-earnings ratio of -16.93 and a beta of 1.55. The stock's 50-day simple moving average is C$1.91 and its 200 day simple moving average is C$1.62. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11.

Montage Gold (CVE:MAU - Get Free Report) last released its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.02). On average, equities analysts anticipate that Montage Gold will post -0.04 EPS for the current year.

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.