Montage Gold Corp. (CVE:MAU - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$3.29 and last traded at C$3.28, with a volume of 476647 shares trading hands. The stock had previously closed at C$3.01.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. National Bank Financial raised shares of Montage Gold to a "strong-buy" rating in a report on Friday, March 21st. Raymond James lifted their price target on shares of Montage Gold from C$3.50 to C$4.75 in a report on Friday, April 4th. Stifel Nicolaus set a C$4.60 price objective on Montage Gold and gave the company a "buy" rating in a report on Wednesday, March 19th. Stifel Canada upgraded Montage Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Cormark increased their price target 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. Four analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Montage Gold currently has an average rating of "Buy" and an average target price of C$4.02.
Check Out Our Latest Stock Analysis on MAU
Montage Gold Stock Performance
The company has a 50-day moving average price of C$2.69 and a two-hundred day moving average price of C$2.36. The company has a market capitalization of C$1.32 billion, a PE ratio of -26.68 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30.
Insider Buying and Selling at Montage Gold
In other news, Director David Field sold 93,100 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of C$3.03, for a total transaction of C$282,093.00. Insiders own 34.16% of the company's stock.
Montage Gold Company Profile
(
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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.
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