Montage Gold (CVE:MAU) Stock Rating Upgraded by Ventum Cap Mkts

Montage Gold (CVE:MAU) was upgraded by equities researchers at Ventum Cap Mkts to a “strong-buy” rating in a research report issued on Friday, Zacks.com reports.

Several other research analysts have also recently commented on the stock. Cormark increased their target price on shares of Montage Gold from C$2.00 to C$2.50 in a report on Thursday, August 15th. National Bankshares set a C$2.50 price objective on Montage Gold and gave the company an “outperform” rating in a report on Tuesday, July 23rd. BMO Capital Markets set a C$2.50 target price on Montage Gold and gave the company an “outperform” rating in a research report on Thursday, August 15th. National Bank Financial raised Montage Gold to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Raymond James boosted their price target on Montage Gold from C$1.65 to C$2.75 in a research report 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. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$2.49.

Montage Gold Stock Performance

MAU opened at C$1.90 on Friday. The company has a market capitalization of C$654.70 million, a price-to-earnings ratio of -12.67 and a beta of 1.54. The business’s 50-day moving average price is C$1.80 and its two-hundred day moving average price is C$1.52. Montage Gold has a 1 year low of C$0.51 and a 1 year high of C$2.03. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36.

Montage Gold (CVE:MAU) last released its earnings results on Thursday, August 22nd. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.02). Equities analysts expect that Montage Gold will post -0.04 EPS 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.