Stifel Nicolaus Lowers Montage Gold (CVE:MAU) Price Target to C$2.20

Montage Gold (CVE:MAU) had its target price lowered by stock analysts at Stifel Nicolaus from C$2.60 to C$2.20 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 8.91% from the company’s previous close.

MAU has been the topic of several other reports. National Bankshares set a C$2.50 price target on Montage Gold and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. Ventum Cap Mkts upgraded Montage Gold to a “strong-buy” rating in a report on Friday, September 27th. Raymond James increased their price objective on Montage Gold from C$1.65 to C$2.75 in a report on Thursday, August 15th. Finally, Cormark lifted their price objective on Montage Gold from C$2.00 to C$2.50 in a research note on Thursday, August 15th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$2.49.

Montage Gold Price Performance

MAU traded up C$0.02 during trading on Tuesday, reaching C$2.02. 294,572 shares of the company were exchanged, compared to its average volume of 293,415. The company’s 50-day moving average is C$1.83 and its two-hundred day moving average is C$1.55. The company has a market cap of C$696.05 million, a price-to-earnings ratio of -13.50 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 5.75 and a debt-to-equity ratio of 1.11. Montage Gold has a 12-month low of C$0.53 and a 12-month high of C$2.04.

Montage Gold (CVE:MAU) last announced its earnings results on Thursday, August 22nd. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). Research analysts forecast that Montage Gold will post -0.04 earnings per share for the current fiscal 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.