Montage Gold Corp. (CVE:MAU) Receives C$4.02 Consensus Target Price from Analysts

Montage Gold Corp. (CVE:MAU - Get Free Report) has earned a consensus rating of "Buy" from the seven analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$4.02.

Several research firms have recently commented on MAU. Cormark raised their price objective on Montage Gold from C$3.00 to C$4.50 and gave the stock a "buy" rating in a research note on Tuesday, March 25th. Raymond James boosted their price target on Montage Gold from C$3.50 to C$4.75 in a report on Friday, April 4th. Stifel Canada raised shares of Montage Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Stifel Nicolaus set a C$4.60 target price on Montage Gold and gave the stock a "buy" rating in a research report on Wednesday, March 19th. Finally, National Bank Financial upgraded Montage Gold to a "strong-buy" rating in a report on Friday, March 21st.

Insider Transactions at Montage Gold

In other Montage Gold news, Director David Field sold 93,100 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of C$3.03, for a total value of C$282,093.00. Company insiders own 34.16% of the company's stock.

Montage Gold Stock Performance

CVE MAU traded down C$0.03 during trading hours on Tuesday, hitting C$3.75. The company's stock had a trading volume of 377,224 shares, compared to its average volume of 306,341. 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 cap of C$1.32 billion, a P/E ratio of -26.68 and a beta of 1.55. The company's 50 day simple moving average is C$2.81 and its two-hundred day simple moving average is C$2.41. Montage Gold has a 12 month low of C$1.19 and a 12 month high of C$3.92.

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.