Montage Gold (CVE:MAU) Lifted to Strong-Buy at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Montage Gold (CVE:MAU) to a strong-buy rating in a research note issued to investors on Friday morning, Zacks.com reports.

A number of other research analysts also recently commented on the stock. National Bankshares set a C$2.50 target price on shares of Montage Gold and gave the company an outperform rating in a research report on Tuesday, July 23rd. Cormark raised their target price on shares of Montage Gold from C$2.00 to C$2.50 in a research report on Thursday, August 15th. Stifel Nicolaus raised their target price on shares of Montage Gold from C$1.75 to C$2.20 in a research report on Thursday, July 11th. National Bank Financial raised shares of Montage Gold to a strong-buy rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets set a C$2.50 target price on shares of Montage Gold and gave the company an outperform rating in a research report on Thursday, August 15th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of C$2.49.

Montage Gold Price Performance

Montage Gold stock opened at C$1.90 on Friday. The firm has a 50-day moving average price of C$1.80 and a 200-day moving average price of C$1.52. The firm has a market capitalization of C$654.70 million, a PE ratio of -12.67 and a beta of 1.54. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11. Montage Gold has a 12-month low of C$0.51 and a 12-month high of C$2.03.

Montage Gold (CVE:MAU) last released its earnings results on Thursday, August 22nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.02). As a group, equities research analysts forecast that Montage Gold will post -0.04 EPS for the current year.

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.