Montage Gold (CVE:MAU) Upgraded by Ventum Cap Mkts to “Strong-Buy”

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

Other equities research analysts have also issued reports about the stock. National Bank Financial raised shares of Montage Gold to a strong-buy rating in a report on Monday, July 22nd. 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. Raymond James increased their target price on shares of Montage Gold from C$1.65 to C$2.75 in a report on Thursday, August 15th. National Bankshares set a C$2.50 target price on shares of Montage Gold and gave the stock an outperform rating in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus increased their target price on shares of Montage Gold from C$1.75 to C$2.20 in a report on Thursday, July 11th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Montage Gold currently has an average rating of Buy and a consensus price target of C$2.49.

Montage Gold Price Performance

CVE MAU opened at C$1.90 on Friday. Montage Gold has a 52 week low of C$0.51 and a 52 week high of C$2.03. The firm has a market capitalization of C$654.70 million, a P/E ratio of -12.67 and a beta of 1.54. The company has a quick ratio of 0.36, a current ratio of 5.75 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of C$1.80 and a 200-day moving average price of C$1.52.

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). Equities research analysts anticipate that Montage Gold will post -0.04 earnings per share 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.