Montage Gold (CVE:MAU) Upgraded to Strong-Buy at 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 to clients and investors on Friday, Zacks.com reports.

MAU has been the topic of a number of other research reports. Raymond James raised their price target on Montage Gold from C$1.65 to C$2.75 in a research report on Thursday, August 15th. National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a research report on Monday, July 22nd. Stifel Nicolaus increased their price target on shares of Montage Gold from C$1.75 to C$2.20 in a research report on Thursday, July 11th. Cormark boosted their price objective on shares of Montage Gold from C$2.00 to C$2.50 in a research report on Thursday, August 15th. Finally, National Bankshares set a C$2.50 target price on Montage Gold and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Montage Gold presently has an average rating of “Buy” and a consensus target price of C$2.49.

Montage Gold Price Performance

Shares of CVE MAU opened at C$1.90 on Friday. The firm has a market cap of C$654.70 million, a P/E ratio of -12.67 and a beta of 1.54. The business’s 50 day moving average is C$1.80 and its 200-day moving average is C$1.52. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11. Montage Gold has a 1-year low of C$0.51 and a 1-year high of C$2.03.

Montage Gold (CVE:MAU) last posted its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02). Equities research analysts predict 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.