Montage Gold (CVE:MAU) Price Target Raised to C$4.75

Montage Gold (CVE:MAU - Get Free Report) had its target price raised by investment analysts at Raymond James from C$3.50 to C$4.75 in a report released on Friday,BayStreet.CA reports. Raymond James' price target would indicate a potential upside of 42.22% from the stock's previous close.

Several other research analysts have also recently commented on MAU. Cormark increased their price target 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. Stifel Canada raised shares of Montage Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Stifel Nicolaus set a C$4.60 target price on shares of Montage Gold and gave the stock a "buy" rating in a report on Wednesday, March 19th. Finally, National Bank Financial upgraded shares of Montage Gold to a "strong-buy" rating in a research note on Friday, March 21st. Four investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$4.02.

Montage Gold Stock Up 11.0 %

CVE:MAU traded up C$0.33 on Friday, hitting C$3.34. 1,412,176 shares of the company's stock were exchanged, compared to its average volume of 278,582. The firm has a 50-day moving average price of C$2.59 and a 200-day moving average price of C$2.32. Montage Gold has a 52 week low of C$1.19 and a 52 week high of C$3.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36. The company has a market cap of C$1.18 billion, a P/E ratio of -23.77 and a beta of 1.55.

Insider Buying and Selling at Montage Gold

In other Montage Gold news, Director David Field sold 93,100 shares of the stock in a transaction dated 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.

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.