Montage Gold Corp. (CVE:MAU) Given Consensus Rating of “Buy” by Brokerages

Montage Gold Corp. (CVE:MAU) has been assigned an average recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$2.74.

Several brokerages have recently commented on MAU. Stifel Nicolaus decreased their price objective on shares of Montage Gold from C$2.60 to C$2.20 and set a “buy” rating on the stock in a research report on Tuesday, October 8th. Cormark raised their price target on Montage Gold from C$2.00 to C$2.50 in a report on Thursday, August 15th. Ventum Cap Mkts raised Montage Gold to a “strong-buy” rating in a research note on Friday, September 27th. Raymond James lifted their target price on Montage Gold from C$1.65 to C$2.75 in a research note on Thursday, August 15th. Finally, BMO Capital Markets upped their price target on Montage Gold from C$3.00 to C$3.75 in a research note on Friday.

Montage Gold Stock Down 0.8 %

Montage Gold stock opened at C$2.49 on Tuesday. The firm has a market cap of C$858.00 million, a price-to-earnings ratio of -16.60 and a beta of 1.55. 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 12 month low of C$0.57 and a 12 month high of C$2.58. The stock has a fifty day simple moving average of C$1.93 and a two-hundred day simple moving average of C$1.64.

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