Montage Gold (CVE:MAU) Given New C$3.75 Price Target at BMO Capital Markets

Montage Gold (CVE:MAU) had its price target upped by BMO Capital Markets from C$3.00 to C$3.75 in a report released on Friday, BayStreet.CA reports.

Several other equities analysts also recently issued reports on the stock. Ventum Cap Mkts upgraded shares of Montage Gold to a “strong-buy” rating in a research note on Friday, September 27th. Stifel Nicolaus decreased their target price on shares of Montage Gold from C$2.60 to C$2.20 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Raymond James increased their target price on shares of Montage Gold from C$1.65 to C$2.75 in a research note on Thursday, August 15th. National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, National Bankshares set a C$2.50 target price on shares of Montage Gold and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Montage Gold has a consensus rating of “Buy” and an average target price of C$2.74.

Montage Gold Stock Performance

CVE MAU opened at C$2.51 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36. Montage Gold has a 1 year low of C$0.55 and a 1 year high of C$2.58. The company has a market capitalization of C$864.90 million, a PE ratio of -16.73 and a beta of 1.55. The company has a fifty day moving average of C$1.92 and a two-hundred day moving average of C$1.63.

Montage Gold (CVE:MAU) last released its quarterly earnings data 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). As a group, analysts expect that Montage Gold will post -0.04 earnings per share for the current 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.