Montage Gold Corp. (CVE:MAU) Receives C$2.74 Consensus PT from Analysts

Shares of Montage Gold Corp. (CVE:MAU) have been assigned an average recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$3.27.

Several equities analysts have recently commented on MAU shares. National Bankshares set a C$2.50 price target on Montage Gold and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. National Bank Financial raised shares of Montage Gold to a “strong-buy” rating in a research report on Monday, July 22nd. BMO Capital Markets upped their price target on shares of Montage Gold from C$3.00 to C$3.75 in a research report on Friday, October 25th. Stifel Nicolaus lifted their price objective on shares of Montage Gold from C$3.20 to C$4.85 in a report on Wednesday. Finally, Raymond James upped their target price on Montage Gold from C$1.65 to C$2.75 in a report on Thursday, August 15th.

Montage Gold Stock Performance

MAU stock opened at C$2.48 on Tuesday. Montage Gold has a twelve month low of C$0.58 and a twelve month high of C$2.61. The firm has a market cap of C$854.56 million, a price-to-earnings ratio of -16.53 and a beta of 1.55. The business’s fifty day simple moving average is C$1.97 and its two-hundred day simple moving average is C$1.66. The company has a quick ratio of 0.36, a current ratio of 5.75 and a debt-to-equity ratio of 1.11.

Montage Gold (CVE:MAU) last announced its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). Analysts predict that Montage Gold will post -0.04 earnings per share for the current year.

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.