Montage Gold (CVE:MAU) Given New C$4.85 Price Target at Stifel Nicolaus

Montage Gold (CVE:MAU - Get Free Report) had its target price raised by investment analysts at Stifel Nicolaus from C$3.20 to C$4.85 in a research note issued to investors on Wednesday, BayStreet.CA reports. Stifel Nicolaus' price objective points to a potential upside of 88.72% from the company's current price.

MAU has been the subject of a number of other research reports. Ventum Cap Mkts upgraded Montage Gold to a "strong-buy" rating in a report on Friday, September 27th. National Bankshares set a C$2.50 target price on shares of Montage Gold and gave the stock an "outperform" rating in a research report on Tuesday, July 23rd. BMO Capital Markets boosted their price target on shares of Montage Gold from C$3.00 to C$3.75 in a research report on Friday, October 25th. National Bank Financial upgraded shares of Montage Gold to a "strong-buy" rating in a report on Monday, July 22nd. Finally, Raymond James upped their target price on Montage Gold from C$1.65 to C$2.75 in a report on Thursday, August 15th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$3.27.

Montage Gold Trading Up 3.2 %

MAU traded up C$0.08 during trading on Wednesday, hitting C$2.57. 1,293,137 shares of the stock traded hands, compared to its average volume of 342,249. The firm has a market capitalization of C$885.57 million, a P/E ratio of -17.13 and a beta of 1.55. Montage Gold has a 12-month low of C$0.58 and a 12-month high of C$2.61. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36. The firm has a 50-day moving average of C$1.96 and a 200 day moving average of C$1.65.

Montage Gold (CVE:MAU - Get Free Report) last posted its earnings results 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). Equities research analysts anticipate that Montage Gold will post -0.04 EPS for the current year.

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.