Montage Gold (CVE:MAU) Price Target Raised to C$4.85 at Stifel Nicolaus

Montage Gold (CVE:MAU) had its target price raised by research analysts at Stifel Nicolaus from C$3.20 to C$4.85 in a report released on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 95.56% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Ventum Cap Mkts upgraded shares of Montage Gold to a “strong-buy” rating in a report on Friday, September 27th. National Bank Financial raised shares of Montage Gold to a “strong-buy” rating in a research report on Monday, July 22nd. Cormark lifted their price objective on shares of Montage Gold from C$2.00 to C$2.50 in a research report on Thursday, August 15th. Raymond James boosted their target price on shares of Montage Gold from C$1.65 to C$2.75 in a research report on Thursday, August 15th. Finally, BMO Capital Markets boosted their target price on shares of Montage Gold from C$3.00 to C$3.75 in a research report on Friday, October 25th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$3.27.

Montage Gold Stock Performance

Shares of CVE:MAU opened at C$2.48 on Wednesday. Montage Gold has a 52 week low of C$0.58 and a 52 week high of C$2.61. The stock has a market capitalization of C$854.56 million, a P/E ratio of -16.53 and a beta of 1.55. The firm has a fifty day simple moving average of C$1.97 and a two-hundred day simple moving average of C$1.66. The company has a quick ratio of 0.36, a current ratio of 5.75 and a debt-to-equity ratio of 1.11.

Montage Gold (CVE:MAU) last released its earnings results 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). On average, analysts expect that Montage Gold will post -0.04 earnings per share for the current fiscal year.

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.