Montage Gold (CVE:MAU) Hits New 52-Week High – Time to Buy?

Montage Gold Corp. (CVE:MAU)’s share price hit a new 52-week high on Monday . The stock traded as high as C$3.00 and last traded at C$2.99, with a volume of 231743 shares. The stock had previously closed at C$2.87.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Canada upgraded Montage Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Cormark boosted their price target on shares of Montage Gold from C$3.00 to C$4.50 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus set a C$4.60 price objective on shares of Montage Gold and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$3.62.

Montage Gold Stock Down 2.2 %

The company has a market cap of C$1.09 billion, a P/E ratio of -21.99 and a beta of 1.55. The firm’s 50 day moving average price is C$2.39 and its two-hundred day moving average price is C$2.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33.

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.