Montage Gold Corp. (CVE:MAU) Receives C$3.22 Consensus Price Target from Analysts

Shares of Montage Gold Corp. (CVE:MAU) have earned an average rating of “Buy” from the seven research firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$3.22.

Several research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on Montage Gold from C$3.00 to C$3.75 in a research note on Friday, October 25th. Stifel Nicolaus reduced their price target on shares of Montage Gold from C$4.85 to C$4.60 in a research report on Monday, December 23rd. Finally, Ventum Cap Mkts raised shares of Montage Gold to a “strong-buy” rating in a report on Friday, September 27th.

Montage Gold Stock Performance

Shares of Montage Gold stock opened at C$2.22 on Friday. The company has a 50 day moving average price of C$2.18 and a 200 day moving average price of C$1.98. The firm has a market capitalization of C$764.97 million, a P/E ratio of -14.80 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 52 week low of C$0.65 and a 52 week high of C$2.61.

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.