Montage Gold (CVE:MAU) Trading Up 6.5% – What’s Next?

Montage Gold Corp. (CVE:MAU) shares were up 6.5% on Monday . The stock traded as high as C$2.31 and last traded at C$2.30. Approximately 130,758 shares traded hands during trading, a decline of 33% from the average daily volume of 195,549 shares. The stock had previously closed at C$2.16.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MAU shares. Stifel Nicolaus lowered their price objective on shares of Montage Gold from C$4.85 to C$4.60 in a report on Monday, December 23rd. 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. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$3.22.

Montage Gold Stock Performance

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$792.53 million, a P/E ratio of -15.33 and a beta of 1.55. The company’s 50 day moving average price is C$2.17 and its 200-day moving average price is C$2.05.

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.