Brokerages Set Montage Gold Corp. (CVE:MAU) Target Price at C$3.27

Montage Gold Corp. (CVE:MAU) has been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$3.27.

Several research analysts recently weighed in on MAU shares. Stifel Nicolaus lifted their price objective on shares of Montage Gold from C$3.20 to C$4.85 in a research note on Wednesday, October 30th. BMO Capital Markets increased their target price on shares of Montage Gold from C$3.00 to C$3.75 in a report on Friday, October 25th. Finally, Ventum Cap Mkts raised shares of Montage Gold to a “strong-buy” rating in a report on Friday, September 27th.

Montage Gold Price Performance

Shares of MAU opened at C$2.10 on Wednesday. The stock has a market cap of C$723.62 million, a P/E ratio of -14.00 and a beta of 1.55. Montage Gold has a 1 year low of C$0.65 and a 1 year high of C$2.61. The stock’s 50-day moving average price is C$2.24 and its two-hundred day moving average price is C$1.88. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11.

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.