Montage Gold (CVE:MAU) Given New C$5.00 Price Target at Stifel Nicolaus

Montage Gold (CVE:MAU - Get Free Report) had its price target raised by research analysts at Stifel Nicolaus from C$4.60 to C$5.00 in a research note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus' target price would indicate a potential upside of 34.41% from the company's current price.

Other equities research analysts also recently issued reports about the company. Cormark boosted their target price on Montage Gold from C$3.00 to C$4.50 and gave the stock a "buy" rating in a research report on Tuesday, March 25th. National Bank Financial upgraded Montage Gold to a "strong-buy" rating in a research report on Friday, March 21st. Stifel Canada upgraded shares of Montage Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Raymond James increased their price objective on shares of Montage Gold from C$3.50 to C$4.75 in a research report on Friday, April 4th. Four analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$4.10.

Montage Gold Price Performance

MAU stock traded down C$0.03 during mid-day trading on Monday, hitting C$3.72. The company had a trading volume of 46,453 shares, compared to its average volume of 307,230. The company has a 50-day moving average price of C$2.96 and a 200 day moving average price of C$2.47. Montage Gold has a 12-month low of C$1.22 and a 12-month high of C$3.92. The company has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -26.47 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.

Insider Transactions at Montage Gold

In related news, Director David Field sold 93,100 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of C$3.03, for a total transaction of C$282,093.00. Company 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.