Brokerages Set Montage Gold Corp. (CVE:MAU) Price Target at C$3.22

Montage Gold Corp. (CVE:MAU - Get Free Report) has been assigned an average rating of "Buy" from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$3.62.

Several brokerages recently weighed in on MAU. Stifel Canada upgraded Montage Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Cormark increased their price target on Montage Gold from C$3.00 to C$4.50 and gave the company a "buy" rating in a research note on Tuesday. National Bank Financial upgraded Montage Gold to a "strong-buy" rating in a research report on Friday. Finally, Stifel Nicolaus set a C$4.60 target price on shares of Montage Gold and gave the stock a "buy" rating in a report on Wednesday, March 19th.

Montage Gold Price Performance

MAU stock traded up C$0.18 during midday trading on Friday, reaching C$3.16. The company had a trading volume of 541,426 shares, compared to its average volume of 218,557. The stock has a 50 day moving average price of C$2.39 and a 200-day moving average price of C$2.22. Montage Gold has a 1-year low of C$1.18 and a 1-year high of C$3.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36. The company has a market capitalization of C$1.12 billion, a price-to-earnings ratio of -22.49 and a beta of 1.55.

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.