Montage Gold (CVE:MAU) Hits New 52-Week High - Here's What Happened

Montage Gold Corp. (CVE:MAU - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$2.69 and last traded at C$2.68, with a volume of 67578 shares trading hands. The stock had previously closed at C$2.58.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MAU shares. Stifel Canada raised Montage Gold to a "strong-buy" rating in a report on Wednesday. Stifel Nicolaus set a C$4.60 price target on shares of Montage Gold and gave the stock a "buy" rating in a research report on Wednesday. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Montage Gold currently has an average rating of "Strong Buy" and an average target price of C$3.22.

Montage Gold Trading Down 3.4 %

The stock has a fifty day moving average price of C$2.36 and a 200 day moving average price of C$2.19. The stock has a market cap of C$1.01 billion, a PE ratio of -20.42 and a beta of 1.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33.

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.