Montage Gold Corp. (CVE:MAU) Receives C$3.27 Average Target Price from Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have earned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$3.27.

Several equities analysts have recently weighed in on the company. Cormark lifted their price objective on Montage Gold from C$2.00 to C$2.50 in a research note on Thursday, August 15th. Raymond James upped their target price on shares of Montage Gold from C$1.65 to C$2.75 in a research note on Thursday, August 15th. Ventum Cap Mkts raised Montage Gold to a “strong-buy” rating in a research report on Friday, September 27th. BMO Capital Markets raised their price target on Montage Gold from C$3.00 to C$3.75 in a report on Friday, October 25th. Finally, Stifel Nicolaus increased their target price on shares of Montage Gold from C$3.20 to C$4.85 in a research note on Wednesday, October 30th.

Montage Gold Price Performance

Shares of CVE:MAU opened at C$2.30 on Friday. The stock has a market cap of C$792.53 million, a PE ratio of -15.33 and a beta of 1.55. The business’s fifty day moving average price is C$2.14 and its two-hundred day moving average price is C$1.79. Montage Gold has a one year low of C$0.65 and a one year high of C$2.61. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.36 and a current ratio of 5.75.

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.