Stifel Nicolaus Lowers Montage Gold (CVE:MAU) Price Target to C$4.60

Montage Gold (CVE:MAU) had its target price reduced by stock analysts at Stifel Nicolaus from C$4.85 to C$4.60 in a note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 115.96% from the company’s current price.

A number of other equities analysts also recently weighed in on MAU. Ventum Cap Mkts raised Montage Gold to a “strong-buy” rating in a research report on Friday, September 27th. BMO Capital Markets boosted their price objective on Montage Gold from C$3.00 to C$3.75 in a research note on Friday, October 25th. 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 company has a consensus rating of “Buy” and an average target price of C$3.22.

Montage Gold Stock Performance

Shares of MAU opened at C$2.13 on Monday. The stock has a 50 day moving average of C$2.24 and a 200 day moving average of C$1.89. 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$0.65 and a 12 month high of C$2.61. The company has a market capitalization of C$733.96 million, a price-to-earnings ratio of -14.20 and a beta of 1.55.

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.