Montage Gold (CVE:MAU) Given New C$4.50 Price Target at Cormark

Montage Gold (CVE:MAU) had its price target boosted by investment analysts at Cormark from C$3.00 to C$4.50 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Cormark’s price objective would suggest a potential upside of 45.63% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Stifel Canada upgraded Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Stifel Nicolaus set a C$4.60 target price on Montage Gold and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Finally, National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$3.62.

Montage Gold Trading Down 2.2 %

Shares of MAU stock opened at C$3.09 on Tuesday. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30. Montage Gold has a 12-month low of C$1.19 and a 12-month high of C$3.19. The stock has a market capitalization 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 is C$2.41 and its 200 day moving average is C$2.22.

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.