Montage Gold Corp. (CVE:MAU) Receives C$2.74 Average Target Price from Brokerages

Shares of Montage Gold Corp. (CVE:MAU - Get Free Report) have earned an average rating of "Buy" from the seven analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$2.74.

A number of equities analysts have commented on the stock. National Bank Financial raised shares of Montage Gold to a "strong-buy" rating in a research note on Monday, July 22nd. Ventum Cap Mkts raised Montage Gold to a "strong-buy" rating in a research note on Friday, September 27th. National Bankshares set a C$2.50 price objective on Montage Gold and gave the company an "outperform" rating in a research note on Tuesday, July 23rd. Cormark lifted their target price on Montage Gold from C$2.00 to C$2.50 in a report on Thursday, August 15th. Finally, BMO Capital Markets raised their price target on Montage Gold from C$3.00 to C$3.75 in a research report on Friday.

Montage Gold Price Performance

CVE MAU remained flat at C$2.49 during trading on Tuesday. The company's stock had a trading volume of 456,785 shares, compared to its average volume of 337,699. The company has a quick ratio of 0.36, a current ratio of 5.75 and a debt-to-equity ratio of 1.11. Montage Gold has a fifty-two week low of C$0.57 and a fifty-two week high of C$2.58. The company has a 50-day moving average of C$1.93 and a 200-day moving average of C$1.64. The firm has a market capitalization of C$858.00 million, a P/E ratio of -16.60 and a beta of 1.55.

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 for the quarter, missing analysts' consensus estimates of C($0.01) by C($0.02). As a group, research analysts predict that Montage Gold will post -0.04 EPS for the current fiscal 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.