Montage Gold (CVE:MAU) Shares Up 0.5% - Should You Buy?

Shares of Montage Gold Corp. (CVE:MAU - Get Free Report) were up 0.5% on Tuesday . The stock traded as high as C$2.20 and last traded at C$2.16. Approximately 424,013 shares traded hands during mid-day trading, an increase of 24% from the average daily volume of 342,335 shares. The stock had previously closed at C$2.15.

Analyst Ratings Changes

A number of brokerages have recently commented on MAU. Ventum Cap Mkts raised shares of Montage Gold to a "strong-buy" rating in a report on Friday, September 27th. BMO Capital Markets boosted their target price on Montage Gold from C$3.00 to C$3.75 in a report on Friday, October 25th. Finally, Stifel Nicolaus lifted their target price on shares of Montage Gold from C$3.20 to C$4.85 in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$3.27.

Montage Gold Stock Down 2.8 %

The company has a market cap of C$723.62 million, a PE ratio of -14.00 and a beta of 1.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.36 and a current ratio of 5.75. The firm has a fifty day simple moving average of C$2.23 and a 200 day simple moving average of C$1.87.

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.