Montage Gold (CVE:MAU) Price Target Raised to C$4.50 at Cormark

Montage Gold (CVE:MAU) had its price target raised by Cormark from C$3.00 to C$4.50 in a research report sent to investors on Tuesday,BayStreet.CA reports. Cormark currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Nicolaus set a C$4.60 price target on shares of Montage Gold and gave the company a “buy” rating in a report on Wednesday, March 19th. Finally, Stifel Canada raised shares of Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Montage Gold currently has a consensus rating of “Buy” and a consensus target price of C$3.62.

Montage Gold Price Performance

Shares of CVE:MAU opened at C$3.16 on Tuesday. Montage Gold has a 12 month low of C$1.18 and a 12 month high of C$3.19. The firm has a market capitalization of C$1.12 billion, a price-to-earnings ratio of -22.49 and a beta of 1.55. The business’s 50 day simple moving average is C$2.39 and its 200-day simple moving average is C$2.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36.

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.