Montage Gold (CVE:MAU) Given New C$1.65 Price Target at Raymond James

Montage Gold (CVE:MAU) had its target price upped by Raymond James from C$1.50 to C$1.65 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

A number of other analysts have also recently issued reports on the stock. Stifel Canada reiterated a buy rating on shares of Montage Gold in a research note on Thursday, February 1st. Stifel Nicolaus lifted their target price on shares of Montage Gold from C$1.50 to C$1.75 in a research note on Friday, April 19th.

Montage Gold Stock Down 0.8 %

CVE MAU opened at C$1.20 on Tuesday. The stock has a market capitalization of C$282.36 million, a PE ratio of -10.91 and a beta of 1.09. The company has a 50 day moving average price of C$1.08 and a two-hundred day moving average price of C$0.81. Montage Gold has a 12-month low of C$0.51 and a 12-month high of C$1.41.

Insider Buying and Selling

In related news, Senior Officer Kevin John Ross sold 168,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$0.83, for a total transaction of C$139,440.00. 49.83% of the stock is owned by insiders.

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.