Stifel Nicolaus Forecasts Strong Price Appreciation for Montage Gold (CVE:MAU) Stock

Montage Gold (CVE:MAU) had its target price lifted by equities researchers at Stifel Nicolaus from C$3.20 to C$4.85 in a research report issued on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 95.56% from the company’s current price.

A number of other equities research analysts have also recently weighed in on MAU. National Bankshares set a C$2.50 price objective on shares of Montage Gold and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Ventum Cap Mkts upgraded shares of Montage Gold to a “strong-buy” rating in a report on Friday, September 27th. BMO Capital Markets upped their price objective on shares of Montage Gold from C$3.00 to C$3.75 in a report on Friday, October 25th. Raymond James upped their price objective on shares of Montage Gold from C$1.65 to C$2.75 in a report on Thursday, August 15th. Finally, National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$3.27.

Montage Gold Price Performance

Shares of CVE MAU opened at C$2.48 on Wednesday. Montage Gold has a 1 year low of C$0.58 and a 1 year high of C$2.61. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36. The company’s 50-day moving average is C$1.97 and its 200 day moving average is C$1.66. The stock has a market capitalization of C$854.56 million, a P/E ratio of -16.53 and a beta of 1.55.

Montage Gold (CVE:MAU) last announced its quarterly earnings results on Thursday, August 22nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.02). On average, sell-side analysts expect that Montage Gold will post -0.04 earnings per share for the current year.

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.