Analysts Set Montage Gold Corp. (CVE:MAU) Price Target at C$3.22

Montage Gold Corp. (CVE:MAU) has earned an average rating of “Strong Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$3.22.

Several equities research analysts recently weighed in on the company. Stifel Nicolaus set a C$4.60 target price on Montage Gold and gave the company a “buy” rating in a report on Wednesday, March 19th. Stifel Canada raised Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th.

Montage Gold Stock Performance

CVE MAU opened at C$2.87 on Friday. The company has a 50-day simple moving average of C$2.36 and a two-hundred day simple moving average of C$2.20. Montage Gold has a 12-month low of C$1.13 and a 12-month high of C$3.00. The firm has a market cap of C$1.01 billion, a price-to-earnings ratio of -20.42 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30.

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.