Montage Gold (CVE:MAU) Raised to Strong-Buy at Stifel Canada

Montage Gold (CVE:MAU - Get Free Report) was upgraded by Stifel Canada to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Montage Gold's FY2029 earnings at $0.63 EPS.

Separately, Stifel Nicolaus set a C$4.60 price target on Montage Gold and gave the company a "buy" rating in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Montage Gold presently has an average rating of "Buy" and a consensus target price of C$3.62.

Montage Gold Trading Up 5.9 %

MAU stock traded up C$0.18 during trading on Wednesday, hitting C$3.16. The company had a trading volume of 541,426 shares, compared to its average volume of 218,557. The stock has a market cap of C$1.12 billion, a price-to-earnings ratio of -22.49 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. The firm has a 50-day moving average price of C$2.37 and a 200-day moving average price of C$2.21. Montage Gold has a 12 month low of C$1.18 and a 12 month high of C$3.19.

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.