Montage Gold (CVE:MAU) Upgraded at Ventum Cap Mkts

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

MAU has been the topic of a number of other research reports. BMO Capital Markets set a C$2.50 price target on Montage Gold and gave the stock an outperform rating in a research note on Thursday, August 15th. Cormark boosted their price objective on shares of Montage Gold from C$2.00 to C$2.50 in a report on Thursday, August 15th. Raymond James raised their target price on Montage Gold from C$1.65 to C$2.75 in a research note on Thursday, August 15th. National Bank Financial upgraded Montage Gold to a strong-buy rating in a research note on Monday, July 22nd. Finally, National Bankshares set a C$2.50 price objective on Montage Gold and gave the stock an outperform rating in a research note on Tuesday, July 23rd. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus price target of C$2.49.

Montage Gold Stock Performance

Shares of Montage Gold stock opened at C$1.90 on Friday. The company has a market capitalization of C$654.70 million, a PE ratio of -12.67 and a beta of 1.54. The company has a 50-day simple moving average of C$1.80 and a two-hundred day simple moving average of C$1.52. Montage Gold has a one year low of C$0.51 and a one year high of C$2.03. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.36 and a current ratio of 5.75.

Montage Gold (CVE:MAU) last posted its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.02). Research analysts expect that Montage Gold will post -0.04 EPS for the current fiscal year.

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.