Montage Gold (CVE:MAU) Hits New 12-Month High - Should You Buy?

Montage Gold Corp. (CVE:MAU - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$3.75 and last traded at C$3.75, with a volume of 370343 shares trading hands. The stock had previously closed at C$3.65.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MAU shares. National Bank Financial raised Montage Gold to a "strong-buy" rating in a report on Friday, March 21st. Raymond James upped their price target on shares of Montage Gold from C$3.50 to C$4.75 in a research note on Friday, April 4th. Stifel Canada upgraded shares of Montage Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Cormark increased their target price on Montage Gold from C$3.00 to C$4.50 and gave the stock a "buy" rating in a research report on Tuesday, March 25th. Finally, Stifel Nicolaus set a C$4.60 price target on Montage Gold and gave the stock a "buy" rating in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$4.02.

Montage Gold Trading Down 0.8 %

The stock has a market cap of C$1.32 billion, a P/E ratio of -26.68 and a beta of 1.55. The firm's fifty day moving average price is C$2.81 and its two-hundred day moving average price is C$2.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36.

Insider Buying and Selling at Montage Gold

In other news, Director David Field sold 93,100 shares of the 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. Insiders own 34.16% of the company's stock.

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.