Montage Gold (CVE:MAU) Reaches New 12-Month High - Still a Buy?

Montage Gold Corp. (CVE:MAU - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as C$3.00 and last traded at C$2.99, with a volume of 231743 shares traded. The stock had previously closed at C$2.87.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MAU. Cormark boosted their price objective on Montage Gold from C$3.00 to C$4.50 and gave the company a "buy" rating in a research report on Tuesday. Stifel Canada raised shares of Montage Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Stifel Nicolaus set a C$4.60 price objective on shares of Montage Gold and gave the company a "buy" rating in a research note on Wednesday, March 19th. Finally, National Bank Financial raised Montage Gold to a "strong-buy" rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$3.62.

Montage Gold Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. The company's 50-day moving average price is C$2.42 and its 200 day moving average price is C$2.23. The stock has a market capitalization of C$1.13 billion, a PE ratio of -22.70 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.