Montage Gold Corp. (CVE:MAU) Receives C$3.22 Average PT from Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have received a consensus rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$3.22.

A number of research firms recently issued reports on MAU. Stifel Nicolaus dropped their price objective on Montage Gold from C$4.85 to C$4.60 in a report on Monday, December 23rd. BMO Capital Markets boosted their target price on shares of Montage Gold from C$3.00 to C$3.75 in a research note on Friday, October 25th. Finally, Ventum Cap Mkts raised shares of Montage Gold to a “strong-buy” rating in a research note on Friday, September 27th.

Montage Gold Stock Up 2.3 %

Shares of CVE MAU opened at C$2.22 on Friday. Montage Gold has a 1 year low of C$0.65 and a 1 year high of C$2.61. The firm has a 50-day simple moving average of C$2.18 and a two-hundred day simple moving average of C$1.98. The company has a market cap of C$764.97 million, a P/E ratio of -14.80 and a beta of 1.55. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36.

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.