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

Montage Gold Corp. (CVE:MAU - Get Free Report) has earned an average rating of "Buy" from the seven analysts that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$3.22.

A number of brokerages have commented on MAU. Ventum Cap Mkts raised Montage Gold to a "strong-buy" rating in a report on Friday, September 27th. BMO Capital Markets upped their price target on shares of Montage Gold from C$3.00 to C$3.75 in a research note on Friday, October 25th. Finally, Stifel Nicolaus dropped their price objective on shares of Montage Gold from C$4.85 to C$4.60 in a research note on Monday, December 23rd.

Montage Gold Stock Performance

Shares of CVE MAU traded up C$0.02 during midday trading on Friday, hitting C$2.16. 153,870 shares of the company's stock were exchanged, compared to its average volume of 204,601. Montage Gold has a 12 month low of C$0.65 and a 12 month high of C$2.61. The company's 50 day moving average price is C$2.19 and its 200 day moving average price is C$1.97. The company has a quick ratio of 0.36, a current ratio of 5.75 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of C$744.29 million, a PE ratio of -14.40 and a beta of 1.55.

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.