Brokerages Set Montage Gold Corp. (CVE:MAU) Target Price at C$3.27

Shares of Montage Gold Corp. (CVE:MAU - Get Free Report) have received an average recommendation of "Buy" from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$3.27.

A number of research analysts have recently issued reports on the company. Raymond James boosted their target price on Montage Gold from C$1.65 to C$2.75 in a report on Thursday, August 15th. Cormark lifted their price target on Montage Gold from C$2.00 to C$2.50 in a research note on Thursday, August 15th. Stifel Nicolaus lifted their price target on Montage Gold from C$3.20 to C$4.85 in a research note on Wednesday, October 30th. Ventum Cap Mkts upgraded Montage Gold to a "strong-buy" rating in a research note on Friday, September 27th. Finally, BMO Capital Markets lifted their price target on Montage Gold from C$3.00 to C$3.75 in a research note on Friday, October 25th.

Montage Gold Stock Up 7.2 %

Shares of CVE MAU traded up C$0.16 during midday trading on Friday, hitting C$2.37. 309,333 shares of the company's stock were exchanged, compared to its average volume of 353,437. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36. Montage Gold has a twelve month low of C$0.65 and a twelve month high of C$2.61. The company has a market cap of C$816.65 million, a PE ratio of -15.80 and a beta of 1.55. The firm's fifty day simple moving average is C$2.13 and its 200-day simple moving average is C$1.78.

Montage Gold (CVE:MAU - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.02). Research analysts predict that Montage Gold will post -0.04 EPS for the current fiscal 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.