Montage Gold (CVE:MAU) Trading 0.5% Higher – What’s Next?

Montage Gold Corp. (CVE:MAU) shares shot up 0.5% during trading on Tuesday . The company traded as high as C$2.20 and last traded at C$2.16. 424,013 shares traded hands during trading, an increase of 24% from the average session volume of 342,335 shares. The stock had previously closed at C$2.15.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Montage Gold from C$3.20 to C$4.85 in a report on Wednesday, October 30th. Ventum Cap Mkts upgraded shares of Montage Gold to a “strong-buy” rating in a report on Friday, September 27th. Finally, BMO Capital Markets boosted their target price on Montage Gold from C$3.00 to C$3.75 in a report on Friday, October 25th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$3.27.

Montage Gold Price Performance

The stock has a 50 day moving average of C$2.23 and a two-hundred day moving average of C$1.87. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.36 and a current ratio of 5.75. The stock has a market cap of C$744.29 million, a PE ratio of -14.40 and a beta of 1.55.

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.