Montage Gold (CVE:MAU) Sets New 12-Month High - Here's What Happened

Montage Gold Corp. (CVE:MAU - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$3.25 and last traded at C$3.14, with a volume of 60721 shares trading hands. The stock had previously closed at C$3.19.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MAU shares. National Bank Financial upgraded shares of Montage Gold to a "strong-buy" rating in a report on Friday, March 21st. Stifel Canada raised Montage Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Cormark lifted their target price on Montage Gold from C$3.00 to C$4.50 and gave the company 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 company a "buy" rating in a research report on Wednesday, March 19th. Four analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$3.62.

Montage Gold Trading Down 3.6 %

The firm's 50-day moving average price is C$2.52 and its 200-day moving average price is C$2.28. The company has a market cap of C$1.09 billion, a P/E ratio of -22.02 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.

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.